Low Income Housing Tax Credits & Rural in Alaska, 2014

Alaska's 2014 Qualified Allocation Plan incentivizes rural development through a set-aside and points. 

Alaska’s 2014 QAP identifies rural communities as a priority. The QAP awards up to 21 points for projects located in a rural area. AHFA defines rural as a community with a population of 6,500 or less that is not connected by road or rail to Anchorage or Fairbanks, or with a population of 1,600 or less that is connected by road or rail to Anchorage or Fairbanks and at least 50 statute miles outside of Anchorage or 25 miles outside of Fairbanks. In this definition, connected by road does not include a connection by the Alaska Marine Highway System.

Set- Aside: 25% of available tax credits will be set-aside in the first round of funding for projects that have Project-Based Rental Assistance, including USDA Rural Development Section 515 projects. 

Contributed By: 
National Housing Trust

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