North Carolina Housing Posts Second Draft 2019 QAP

The Second Draft 2019 Qualified Allocation Plan is now available on the Agency’s website.

The following are the significant changes:

• 12.5% of total credits available will be added to the East region
• Counties in the East and Central regions that were declared federal disaster areas (Individual Assistance designation) under Hurricane Florence are eligible for a 2^nd award after each county with an eligible application has received one award, credits permitting
• Cumberland County is guaranteed at least one award in the Metro and will not be subject to the credit ceiling should it be eligible for a 2^nd award
• Counties in federally declared disaster areas (Individual Assistance designation) under Hurricane Florence that receive a 9% tax credit allocation will be eligible for Disaster Loan funds awarded by the Agency which will be used to reduce requests of tax credits and/or WHLP

We appreciate the first draft comments we received and will continue to post second draft comments as they are received.  We hope to see you at the NC Affordable Housing Conference October 24 and 25 at the Convention Center in Raleigh.