Low Income Housing Tax Credits & Cost Containment in Colorado, 2019

The Colorado 2019 Qualified Allocation Plan has minimum thresholds for project costs

Except for projects financed with private activity bonds, CHFA will accept applications for no more than $1,350,000 of the annual per capita Federal Credit for any one project or any one applicant, or affiliate of such applicant.

Project cost, including the reasonableness of cost per unit, cost per square foot, developer fees and overhead, consultant fees, builder profit and overhead, and syndication costs (for acquisition/rehabilitation projects or rehabilitation only; hard costs for rehabilitation, not including costs for acquisition or any soft costs, must exceed the greater of 20 percent of the buildings adjusted basis or $7,600 per unit to be eligible for tax credits).

Contributed By: 
National Housing Trust

Other Items of Interest