Low Income Housing Tax Credits (LIHTC) allocations

The Low Income Housing Tax Credit Program (LIHTC) provides federal income tax credits to individuals or organizations that develop affordable housing through either new construction or acquisition and rehabilitation. The tax credits provide a dollar for dollar reduction in the developer's tax liability for a ten year period. Tax credits can also be used by nonprofit or public developers to attract investment to an affordable housing project by syndicating, or selling, the tax credit to investors.

In order to receive tax credits a developer must set-aside and rent restrict a number of units for occupancy by households below 60% of area median income. These units must remain affordable for a minimum of 30 years.

This program is a resource provided by the Internal Revenue Service. In addition to tax credits, the financing "gap" for certain LIHTC projects may be filled with a below market rate HOME loan. Tax credits and rental HOME loans are awarded annually through a competitive application process according to the state's Qualified Allocation Plan.

2012 Tax Credit Round

2011 Qualified Allocation Plan (QAP)

    Prior Year Awards

     Earlier QAPs

    Income and Rent Limits

    DDAs and QCTs

    Qualified Contracts

     

     

    Program Contact

    Dan Foster
    Main: (505) 843-6880
    Direct: (505) 767-2273
    Toll free in NM: (800) 444-6880