Low-Income Housing Tax Credits & Cost Containment in Alabama, 2017

Alabama's 2017 Qualified Allocation Plan (QAP) includes cost containment as part of the process of evaluation and as a potential tie-breaker.

Cost Containment

Any line item costs, square footage costs or total unit costs exceeding a range of reasonableness may be disallowed solely at the discretion of the Alabama Housing Finance Agency (AHFA). Additional information and documentation may be required to substantial the reasonableness of the cost. Any allocation of Housing Credits, regardless of funding type or project type, will be determined using AHFA’s assessment of cost.

In the event that multiple projects score the same number of points, and after two previous tie-breakers there remains a tie, the tax credits will be awarded to the application requesting the least amount of Housing Credits per unit.

Contributed By: 
National Housing Trust

Other Items of Interest