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. The Qualified Allocation Plan, or QAP, details the selection criteria and application requirements for both 9% and 4% Low Income Housing Tax Credits.
- Download the 2016-17 Qualified Allocation Plan (QAP) (1.8MB PDF) - Approved January 19, 2017 by the HMFA Board.
Competitive 9% Tax Credits are awarded one time annually. Applications for as-of-right 4% credits are accepted on a rolling basis.
HMFA will hold its next 9% tax credit round on May 2, 2017.
- Download the 2017 QAP Timeline (78k 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