Low-Income Housing Tax Credits & Cost Containment in Rhode Island, 2017-2018

Rhode Island Qualified Allocation Plan (QAP) awards points to projects that demonstrate efficient use of Total Development Costs, Housing Credits, and State Housing Grant Funds.

Financing Points

Up to 10 points – Total Development Cost per new affordable home

<$250,000 10 points
$251,000-$275,0008 points
$276,000-$300,0005 points
$300,0000 points

Up to 10 points – Housing Credits per new affordable home

<15,000   10 points
15,001-20,0008 points
20,001-25,0005 points
>25,0000 points

Up to 10 points – RIH or State housing Grant Funds (RIH Deferred debt, CDBG funds, State HOME) per affordable unit

Contributed By: 
National Housing Trust

Other Items of Interest