Low Income Housing Tax Credits & Seniors in Indiana, 2012-2013

Indiana’s 2012-2013 Qualified Allocation Plan sets-aside 10% of the state’s competitive 9% Low Income Housing Tax Credit allocation to senior housing developments.

Indiana’s 2012-2013 QAP has a 10% set-aside for projects specifically designed for use by elderly tenants (persons 55 years of age or older on or before the date of initial occupancy). Projects may have no less than 80% of the housing units restricted for use and solely occupied by at least one resident who is 55 years of age or older.

Properties assisted by USDA Rural Development are required to follow the definition of Elderly per Appendix 1 to HB-1-3560. A household in which the tenant or co-tenant of the household is 62 years old or older or is an individual with a disability. An elderly household may include persons younger than 62 years old and the household of an individual with a handicap may include persons without disabilities.

Contributed By: 
National Housing Trust

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