Low-Income Housing Tax Credits & Private Activity Bonds in Utah

Preservation projects are eligible for Private Activity Bonds with 4% credits as defined by Utah's 2017 Qualified Allocation Plan (QAP).

The Code requires that the proceeds of a multifamily tax-exempt bond issue be used to finance the acquisition and development of newly constructed multifamily rental housing or to finance the acquisition and rehabilitation of buildings and property to be used for multifamily rental housing. The Code requires that costs of rehabilitation equal or exceed 15% of the costs allocable to the purchase price of the buildings which are financed by tax-exempt bonds. Generally the Code does not permit the simple refinancing or acquisition of an existing project.

Contributed By: 
National Housing Trust

Other Items of Interest