Housing authority hears LIHTC briefing; staff flags competitiveness and proposed allocation changes
Staff walked the board through how the Low Income Housing Tax Credit works, advantages and limits, and proposed Qualified Allocation Plan changes that add developer-experience requirements for 4% projects.
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Staff presented a primer on the Low Income Housing Tax Credit program, explaining how the IRS allocates credits to states, Utah Housing Corporation administers the credits, and developers sell credits to raise equity for projects.
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