Community Development, Reports and Publications, Supportive Housing

Supportive Housing Furthered Through Tax Credits

Corporation for Supportive Housing
 

The Corporation for Supportive Housing (CSH) has released “Housing Credit Policies in 2012 that Promote Supportive Housing”. This report is based on an assessment of 2010 and 2011 Qualified Allocation Plan (QAP) policies throughout the United States.

The report uses QAPs as a tool to assess the strategies housing credit agencies adopted to create and encourage supportive housing development for developments using Low Income Housing Tax Credits (LIHTC).  In total, the report examines 54 QAPs.

The report details innovative Housing Credit policy approaches to supportive housing in three categories: threshold requirements, credit set asides, and scoring incentives. The report also notes the changes that have occurred since the 2011 assessment.

Connecticut does not use threshold criteria or set asides. The 2012 QAP eliminated the allocation priority committed to permanent supportive housing. It also eliminated two additional scoring incentives for on-site services. However, the CT QAP provides scoring incentives for developers who provide supportive housing in their proposals.  
 

Significant findings from the report:

  • 50 out of 54 housing credit agencies provide potential scoring advantages for supportive housing
  • There is an increasing number of housing finance agencies that are using set asides to promote the development of supportive housing (19 total).
  • QAPs are providing projects with additional incentives if they secured Public Housing Authority resources
  • More housing credit agencies are promoting projects with a mix of supportive housing and affordable housing units.
     

Click here to read the full report.
 

 
 

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