Low Income Housing Tax Credits & Rural in Alaska, 2013

Alaska's 2013 QAP incentivizes rural development through a set-aside and points. 

Alaska’s 2013 QAP identifies rural communities as a priority. The QAP awards up to 20 points for projects located in a rural area. AHFA defines rural as a community with a population of 6,500 or less that is not connected by road or rail to Anchorage or Fairbanks, or with a population of 1,600 or less that is connected by road or rail to Anchorage or Fairbanks and at least 50 statute miles outside of Anchorage or 25 miles outside of Fairbanks. In this definition, connected by road does not include a connection by the Alaska Marine Highway System.

Set- Aside: One-third of available tax credits will be set-aside in the first round of funding for USDA Rural Development Section 515 projects.

Extended Use: Alaska’s QAP awards an additional point for projects that extend their low-income usage to 30 years. 

Contributed By: 
National Housing Trust

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