Federal Low Income Housing Tax Credit 9% (LIHTC 9%)

Program Status
Program Description

The LIHTC program provides incentives for developers to acquire, rehabilitate and/or build new low- or mixed-income housing through the allocation of federal tax credits that may be sold to corporations or investor groups to raise equity for a project. The LIHTCs allow for the acquisition, new construction and rehabilitation activities. The 9% LIHTCs are subject to the state’s tax credit ceiling allotment and, as such, are allocated by CHFA through highly competitive annual funding rounds. CHFA holds at least one 9% funding round per year.

Program Type
Type of Funding
Source of Funds
Federal Housing Tax Credit Program
Funding Amounts/Limits

Limited by states tax credit ceiling allotment. The QAP limits 9% LIHTC awards to $30,000 per qualified unit and 20% of the population component of the annual Credit Ceiling. (Using the 2023 population number, CHFA estimates 20% of the population component of the annual Credit Ceiling to be $2,103,000 for 2024)

Target Population(s)

Low income renter households

Links to Additional Resources

Eligibility

Eligible Applicants
Eligible Project Size
Other Eligibility Guidelines

Application

Application Timeline

Annual deadlines

Overview of Application Process

Submit a CHFA/DOH Consolidated Application through a SharePoint website. On request a SharePoint website will be set up for applicant

Additional Information

Other Notes
Last Updated
June 6, 2024
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