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Low Income Housing Tax Credits Resources

1. LIHTC Resources and FAQs
   
2. Inclusionary Policy
   
3. Allocation and Awards
   
4. Qualified Allocation Plan (QAP) Resources
   
5. Election to Fix Tax Credit Percentage
   
6. Tax Credit Assistance Program (TCAP) Resources
   
7. Tax Credit Exchange Program (TCX) Resources
   
8. Carryover Resources
   
9. 8609 Resources
   
10. Compliance Resources
    
11. Current Income Limits, Max Rents and Utility Allowance Resources
    
12. Year 15 Properties (Y15) Resources
    
13. Green Points Resources
    
14. CDBG-DR Tax Credit and Multifamily (FRM) Overview Session Presentations
    
15. Low Income Housing Tax Credit Conference Materials
    

1. LIHTC Resources and FAQs

   • 2020 FAQs (Final)
   • FAQs as of 8.30.19 (50k PDF)
   • 2020 9% Timeline (7k PDF)
   • 2020 Targeted Urban Municipalities List (76k PDF)
   • TUM Methodology (35k PDF)
   • Proficient Schools List (2018) (64k PDF)
   • Proficient Schools List (2019) (86k PDF)
   • 2020 Census Tracts with 30%+ LIHTC Units (11k PDF)
   • Opportunity Zones (93k PDF)
   • 2020 QCTs (141k PDF)
   • 2020 DDAs (711k PDF)
   • Summary of Public Comments and Agency Responses (100k PDF)
   • Market Study/ Appraisal Provider List (29k PDF)
   • Inclusionary Review Analyst (29k PDF)
   • Site Evaluator 3.0
   • Leapfile (secure upload) Instructions for Tax Credit Division
   
   
   

2. Inclusionary Policy

   ATTENTION DEVELOPERS: This notice shall serve to clarify and refine the Agency's policy with respect to the financing of inclusionary developments seeking Low Income Housing Tax Credits (LIHTC). VIEW THE POLICY HERE.
   
   
   

3. Allocation and Awards

   • Allocation Awards: Current and Historic - This links to the Allocation Awards page, which hosts all of the current and historic award information.
   
   
   

4. Qualified Allocation Plan (QAP) Resources

   Proposed 2019-20 Qualified Allocation Plan (QAP)

   • Download the Adopted 2019-20 Qualified Allocation Plan (QAP) (265k PDF) - Adopted by the HMFA Board on April 18, 2019.　
   • Download the 2019-20 QAP with proposed A500 amendments (235K PDF) - Approved by the HMFA Board on May 7, 2019

   Current 2019 Timeline

   • Download the 2019 QAP Timeline (78k PDF)
   
   
   

5. Election to Fix Tax Credit Percentage

   • Election to Fix Tax Credit Percentage (27k Microsoft Word DOC file)
   
   
   

6. Tax Credit Assistance Program (TCAP) Resources

   • NJHMFA Tax Credit Assistance Program Selection Criteria (26k PDF)
   • TCAP Commitments through 1/6/2011 (11k PDF)
   • TCAP Summary (12k PDF)
   • TCAP Asset Management Plan (21k PDF)
   • TCAP Timetable (36k PDF)
   • Low Income Housing Tax Credits Application Package (126k PDF)
   
   
   

7. Tax Credit Exchange Program (TCX) Resources

   • NJHMFA Tax Credit Exchange (TCX) Program Application Process and Selection Criteria (52k PDF)
   • TCX Commitments through 12/20/10 (11k PDF)
   • TCX Subsidy Round (12k PDF)
   • TCX Asset Management Plan (20k PDF)
   
   
   

8. Carryover Resources

   • Sponsor Certification (25k PDF)
   • Carryover Allocation Form (44k DOC file), Table B (37k DOC file) and Instructions (19k PDF)
   • Independent Auditor's Report (43k DOC file), with Attachment (305k XLS file)
   • Tax Clearance Certification (70k PDF)
   • Form of Binding Agreement (48k DOC)
   
   
   

9. 8609 Resources

   • Sponsor Certification (26k PDF)
   • Cost Certification Form (17k PDF)
   • Cost Certification Schedules (68k XLS file)
   • Investor Certification (5k PDF)
   • Contractor Disclosure Certification (9k PDF)
   • Certification of Completion of Affirmative Fair Housing Marketing (8k PDF)
   • Developer Certification of MBE/WBE Utilization and CPA Opinion Letter (16k PDF)
   • Special Needs or Social Services Certification (15k PDF)
   • Tax Credit Certification Training Course Providers (28k PDF
   
   
   

10. Compliance Resources

    • Compliance Documents and Forms (Multiple Documents) - This link refers to the Compliance page, where all of the relevant compliance documents are updated regularly. This link will open in a new window.
    
    
    

11. Current Income Limits, Max Rents and Utility Allowance Resources

    These income limit documents refer to a number of programs and will be updated regularly from the Current Income Limits, Max Rents, and Utility Allowance Page.

    • Current Income Limits, Max Rents and Utility Allowance Page
    
    
    

12. Year 15 Properties (Y15) Resources

    • Extended Use Period Monitoring Procedures (19k PDF)
    
    
    

13. Green Points Resources

    • 2018 QAP Green Requirements (1.5MB PDF)
    • Energy Benchmarking Manual (348k PDF)
    • How to Get Utility Data into Portfolio Manager (266k PDF)
    • NJHMFA Guide to Obtaining Tenant Billing from Suppliers (206k PDF)
    
    
    

14. CDBG-DR Tax Credit and Multifamily (FRM) Overview Session Presentations

    CDBG Tax Credit and Multifamily (FRM) Overview Session Powerpoint Presentations - April 3 and April 9, 2013

    • Tax Credits and FRM Overview Powerpoint (805k PDF)
    • U.S. Department of Housing and Urban Development (HUD) CDBG Disaster Recovery Overview Presentation (832k PDF)
    
    
    

15. Low Income Housing Tax Credit Conference Materials

    March 2019

    • Tax Credits 101: Low Income Housing Tax Credit Program Overview (5.5MB PDF)

    February 21, 2017 QAP Workshop

    • 2017 Qualified Allocation Plan (QAP) Workshop Presentation (2.3MB PDF)

    September 23, 2014 Governor's Housing Conference Presentations
    "HMFA University - Tax Credits 101 and Beyond" Session
    

    • Affordable Housing and Community Development Tax Policy - Enterprise Presentation (223k PDF)
    • Private Activity Bond and Four Percent Low Income Housing Tax Credits Basics - Novogradac & Company Presentation (6.5MB PDF)

    October 17, 2012 Governor's Housing Conference Presentations

    • Tax Credits 101 and Beyond: Year 15 Disposition Scenarios - Ingerman Presentation (652kPDF)
    • Tax Exempt Bond Technical Issues - Mackey Presentation (55k PDF)
    • QAP Changes (8k PDF)
    • 2012 Update - General Information: Tax Credits 101 (142k PDF)

    September 29, 2010 Governor's Housing Conference Presentations

    • Session 1: Is There Really an Investor Behind Your Tax Credit Deal? (3.3MB PDF)
    • Session 2: Surviving the Audit (4.4MB PDF)

    September 23, 2009 Governor's Housing Conference Presentations

    • Tax Credit Services Presentation (1.6MB PDF)
    • Federal Stimulus I - TD Bank Presentation (88k PDF)
    • Federal Stimulus I - Novogradic Presentation (840k PDF)
    • Federal Stimulus I - Nixon Peabody Presentation (197k PDF)
    • Federal Stimulus II -Conifer Presentation (197k PDF)

    March 5, 2009 QAP Workshop Presentations

    • 2009 Tax Credit QAP (9.5MB PDF)
    • 2009 FHLB Affordable Housing Program (377k PDF)

    March 11, 2008 QAP Workshop Presentations

    • Tax Credit QAP (7.5MB PDF)
    • Federal Home Loan Bank (339k PDF)
    • Green Futures (2.2MB PDF)
    • NJ Green Homes (588k PDF)
    • NJ CORE Program (173k PDF)

    September 26, 2007 Governor's Housing Conference Presentations

    • Tax Credits 201 (213k PDF)

    Please note: The timeline may be affected by any changes made to the QAP in response to comments received during the public comment period.