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Tax Credit Programs

Low Income Housing Tax Credits (LIHTC)

The Low Income Housing Tax Credit Program (LIHTC) provides federal income tax credits to individuals or organizations that develop affordable housing through either new construction or acquisition and rehabilitation. The tax credits provide a dollar-for-dollar reduction in the developer's tax liability for a 10-year period. Tax credits can also be used by nonprofit or public developers to attract investment to an affordable housing project by syndicating or selling the tax credit to investors. This program is a resource provided by the Internal Revenue Service.

In order to receive tax credits, a developer must set aside and rent restrict a number of units for occupancy by households below 60 percent of the area median income. These units must remain affordable for a minimum of 30 years.

In addition to tax credits, the financing gap for certain LIHTC projects may be filled with a below market rate HOME loan. Tax credits and rental HOME loans are awarded annually through a competitive application process according to the state's Qualified Allocation Plan.

DDAs and QCTs

 

Qualified Contracts

2017 Tax Credit Round

2017 LIHTC Application Package

2017 LIHTC Underwriting Supplement

2017 Housing Tax Credit Ceiling

HOME/LIHTC Term Sheet – 2017 9% Low Income Housing Tax Credit

2017 QAP Training Presentation

2017 Qualified Allocation Plan as approved by the Honorable Governor Susana Martinez on 12-8-16

2017 Qualified Allocation Plan as approved by the Honorable Governor Susana Martinez Signature on 12-8-16_Redline

Final 2017 Design Standards

2001-2017 Applications

Comparison of 2016 and 2017 Design Standards

2016-2017 LIHTC Calendar

2017 QAP Areas of Statistically Demonstrated Need


2016 Tax Credit Round

2016 Housing Tax Credit Carryover - 8609 Application Workshop Presentation

2016 Placed in Service - 8609 Application

2016 Carryover Application

2001 - 2016 Awards

2016 Qualified Allocation Plan Approved by Governor

2016 QAP and Application Training Presentation

2016 LIHTC Application Package

2016 Tax Credit Ceiling

2016 Multifamily Design Standards

2015 - 2016 LIHTC Calendar

2016 QAP Areas of Statistically Demonstrated Need

2016 Underwriting Supplement

2016 HOME/LIHTC Term Sheet

2001 - 2016 Applications

2016 Housing Credit Income Limits and Maximum Rents


2015 Tax Credit Round

2015 Placed in Service/8609 Application Package

2015 Carryover Application Package

2015 LIHTC Application Package

2015 Qualified Allocation Plan

2015 LIHTC Underwriting Supplement

2015 QAP and Application Training Presentation

2015 Multifamily Design Standards

2015 Summary of Public Comments

2015 QAP Areas of Statistically Demonstrated Need

2014 - 2015 LIHTC Calendar

2015 HOME/LIHTC Term Sheet

2001-2015 Applications

2001-2015 Awards

2015 Tax Credit Ceiling

Prior Year Awards

9 Percent Tax Credit Awards 2001 - 2016

4 Percent Tax Credit Awards 2001 - 2016

Program Contact

Susan Biernacki
Tax Credit Program Manager

Direct: (505) 767-2273
Fax: (505) 242-2766
Toll free: (800) 444-6880

LIHTC FAQ’s

LIHTC Application FAQ's

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LIHTC Archives

Qualified Action Plans (QAP's)

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Design Competition Winners

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LIHTC Income and Rent Limits

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Charitable Trust

Save 50 percent on your state taxes when you make a donation to affordable housing construction

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