Allocations and Awards

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.

The QAP is currently under revision and amendments have been proposed. 

The proposed amendments and information about a public hearing on October 26, 2016 were published in the October 3, 2016 New Jersey Register at 48 NJR 1989, and are also published online at

Competitive 9% Tax Credits are awarded one time annually. Applications for as-of-right 4% credits are accepted on a rolling basis.

HMFA anticipates it will hold its next 9% tax credit round in March/April 2017.

Developers may apply using the UNIAP application, featured on the UNIAP Page.

Allocation Awards

View the current and historical allocation application and award information.

Qualified Allocation Program (QAP)

Information and helpful documents regarding the Qualified Allocation Program (QAP)

Election to Fix Tax Credit Percentage

Get more info on locking the applicable tax credit percentage for projects with Tax Exempt Bonds. 

Tax Credit Assistance Program (TCAP)

Information and helpful documents regarding the Tax Credit Assistance Program (TCAP)

Tax Credit Exchange Program (TCX)

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