Low-Income Housing Tax Credits & Tax Exempt Bonds in North Dakota, 2017

The 2017 North Dakota Qualified Allocation Plan (QAP) does not include basis boosts or the state credit limit for tax-exempt bond credits

Private Activity Bonds with 4% Credits

Basis boost is not available on 4% acquisition credits. The potential basis boost under the five Agency designations listed above does not apply to tax-exempt bond financed projects. The potential basis boost for a property located in a QCT or DDA does apply to tax-exempt bond financed projects.

Properties with tax-exempt financing, which are subject to a separate volume limitation, are not counted against the state credit limit.

Contributed By: 
National Housing Trust

Other Items of Interest