Federal and State Housing Tax Credit Programs
Program Description | Downloads & Related Links | Contact Information
Program Description
The Housing Tax Credit Program allocates federal and state tax credits to owners of qualified
rental properties who reserve all or a portion of their units for occupancy for low income
tenants.
DCA's process for allocating funds through the OAH is outlined in Georgia's Qualified Allocation
Plan. This document describes (1) the federal and state resources available for financing rental
housing through the plan, (2) the legislative requirements for distributing these resources, (3)
the State's preference for the location and type of such housing, (4) the process used for
evaluating applications and awarding these resources, and (5) program compliance
requirements and procedures.
DCA offers a streamlined, single application to access funds available through the HOME Rental
Housing Loan and Housing Tax Credit programs. The competitive application process for these
funds occurs in the spring of each year. DCA offers only one annual application cycle for these funds.
Downloads & Related Links
Application Submission Information (includes QAPs, Manuals, etc.)
DCA Utility Allowances and Program Maximum Rents
Multifamily Rental Property List (www.GeorgiaHousingSearch.org)
Fact Sheet (PDF)
2009 HOME and NSP Consent Form (xls)
Electronic Forms for the LIHTC 10% Test
Memo & Instructions (doc) - 10/6/09
Template "Independent Auditor's Report" (doc) - 10/6/09
LIHTC Certification of 10% Test (xls) - 10/6/09
Electronic Forms for the LIHTC Final Allocation
LIHTC Data Form (fillable) (pdf)
OAH Final Allocation Application (Excel file)
Model
Final Cost Certification Letter (Word document)
Electronic Forms for 15 Year Qualified Contracts
15 Yr Contract Calculation Form and Schedules
15 Yr Qualified Contract Policy and Procedures
15 Yr Sample Letter for Request
Compliance
Legal and Environmental
Main OAH Page
Return to the main Multifamily Housing Finance and Development page
Contact Information
General questions may be emailed to the Office of Affordable Housing.
ARCHIVES
IRS Memorandum of LIHTC Partnerships and Nonprofits (Word document)
IRS Notice 2008-106 (pdf)
On Nov. 13, 2008 the Internal Revenue Service published Notice 2008-106, in which it clarifies that, for new buildings (New Construction and/or Substantial Rehab) placed in service after July 30, 2008 and before December 31, 2013, the 9% applicable credit percentage floor under IRC Sec. 42 will apply even if an irrevocable election was previously made to lock in the applicable credit percentage. Please note that this notice does not affect the credit percentage on existing buildings (Acquisition credit) or buildings with tax exempt bond financing. DCA will underwrite 2006 and 2007 tax credit projects/buildings in accordance with this notice at the final allocation application stage. Please note, however, the final credit amount a 2006 or 2007 project will receive will be limited to the carryover allocation(s) it has received.
For further information, please see the notice at the link above.
If you have any questions regarding the application or implication of this notice on your specific project, please contact Fenice Taylor at 404-679-0647 or fenice.taylor@dca.ga.gov.
Georgia Department of Community Affairs
60 Executive Park South, N.E.
Atlanta, Georgia 30329-2231
