The Iowa Finance Authority (IFA) is preparing a draft of the 2016 Qualified Allocation Plan (QAP), and in lieu of holding a public forum meeting, is soliciting your input via email. It is IFA’s intention to formulate the 2016 QAP similarly to the 2015 QAP. Any comments are appreciated, but specifically, IFA is soliciting feedback on the following areas:

  1. A set-aside for projects addressing the needs of tenants that are hard to house.
  2. Unit cost cap limits and construction costs.
  3. Developer Experience, Developer Fees and Owner cash contributions.
  4. Location near services – types of services and alternative methods of defining the distance.
  5. Medical Alert System
  6. Local government contribution and local support.

Please send responses to the Housing Tax Credit team by 4:30 p.m. on Friday, May 8, 2015. The following is IFA’s approximate timeline for the 2016 QAP:

  • July – Draft 2016 QAP approved by the IFA Board
  • August – Public comment period (min. 20 days) and Public Hearing
  • September – IFA reviews comments and develops final QAP
  • October – Final 2016 QAP approved by the IFA Board