UPDATE:

North Carolina has released the final 2014 Qualified Allocation Plan (QAP). The preliminary application for 2014 Housing Credits is also now available and the application (electronic and hard copy) is due by noon on January 24, 2014 to:

North Carolina Housing Finance Agency
3508 Bush Street 
Raleigh, NC 27609-7509

For more information on the 2014 North Carolina QAP, please click here.

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The North Carolina Housing Finance Agency (NCHFA) released the First Draft North Carolina Qualified Allocation Plan for 2014.

Some major revisions included in the First Draft 2014 North Carolina QAP include:



  • There will be a limit on the metro region counties. The initial limit for each is their percent share of the tax credits available for Metro region, with any remaining going to the next highest scoring application(s).
  • The local government financial contribution requirement increased to $750,000 in the Metro region and $250,000 in the East, Central or West.
  • An owner may return an allocation of 2011 tax credits to receive an allocation of the same amount of 2014 tax credits. The owner must pay a fee equal to the original allocation fee and none of the Principals for the returned project may be part of a 2014 application.
  • The per-unit construction costs increased by $2,000. The Agency will consider an Applicant’s past projects to determine if the proposed costs are reasonable and may require an explanation.
  • Applicants may not request RPP funding if the project will have a federally insured loan.
  • Developer fee amount increases to $12,500 for new construction and 28.5% of line 4 for rehabilitation.



NCHFA is currently seeking comments for the 2014 North Carolina QAP. You may submit comments via email to rentalhelp@nchfa.com. Additionally, a Public Hearing will be held on October 16 at 2:00 PM at:

Hilton North Raleigh

3415 Wake Forest Road

Raleigh, NC 27609

Please click here to access the First Draft North Carolina QAP.

Please click here to review a list of major revisions to the 2014 QAP.

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The North Carolina Housing Finance Agency (NCHFA) is now accepting comments for the 2014 Draft North Carolina Qualified Allocation Plan (QAP). The deadline to submit comments before the first draft is released is August 30, 2013. In addition to suggestions for revisions, NCHFA is seeking comments on aspects of the QAP that have worked well in previous funding cycles. You may submit your comments to:

NC Housing Finance Agency 

attn: Rental Investment 

3508 Bush Street 

Raleigh, NC 27609 

Email: rentalhelp@nchfa.com