Qualified Allocation Plan (QAP)
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 and published in the NJ Register on March 6, 2017.
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.