Allocations and Awards
The Tax Credit Allocation Division is responsible for allocating all competitive (9% Tax Credits) and Volume Cap Tax Credits (4% Tax Credits) for the state of New Jersey. All projects are awarded credits in accordance with HMFA's adopted Qualified Allocation Plan (QAP) (397k PDF) for the State of New Jersey, approved by the HMFA Board in July 2015.
Competitive Tax Credits are awarded one time annually. Applications for Volume Cap 4% credits are accepted on a rolling basis.
HMFA will hold its next 9% tax credit round in July 2015. Please refer to the updated 2015 QAP Timeline (7k PDF).
Developers may apply using the UNIAP application, featured on the UNIAP Page.
View the current and historical allocation application and award information.
Information and helpful documents regarding the Qualified Allocation Program (QAP)
Get more info on locking the applicable tax credit percentage for projects with Tax Exempt Bonds.
Information and helpful documents regarding the Tax Credit Assistance Program (TCAP)
Information and helpful documents regarding the Tax Credit Exchange Program (TCX)
Information and helpful documents regarding Carryover
Information, documents, and application information regarding IRS Form 8609