Low-Income Housing Tax Credits & Opportunity Housing in Utah, 2018

Utah's 2018 Qualified Allocation Plan awards points for developments in areas of opportunity.

Opportunity

The Code requires UHC to adopt an Allocation plan that considers selection criteria giving preference to projects which are located in Qualified Census Tracts and contribute to a Concerted Community Revitalization Plan area.

In an effort to incentivize affordable housing development in high opportunity areas, points will be awarded to projects located in census tracts with strong social Equity indicators. Salt Lake County, Utah County, Davis County, and Weber County have mapped all census tracts by an Opportunity Index* (see attached maps). Projects located in one of these counties will receive points as follows:

Opportunity Index Score        Number of Points

1-2                                          0 points

3-4                                          20 point

5-6                                          40 points

7-8                                          60 points

9-10                                        80 points

Projects located outside of Salt Lake County, Utah County, Davis County, and Weber County will receive 80 points if the census tract poverty rate is below 10.0%. This will be measured using the 2016 data found here: https://geomap.ffiec.gov/FFIECGeocMap/GeocodeMap1.aspx. If the percent below poverty line is 10.0% or more, no points will be awarded to the project Application.

*The Opportunity Index was developed by James Wood of the Kem C. Gardner Policy Institute, and compiles rankings based on five factors: school proficiency, job access, labor market engagement, poverty, and housing stability.

Contributed By: 
National Housing Trust

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