Qualified Allocation Plan (QAP)

Final 2018 Chapter 36 Rules effective 1/1/18

Final 2021 Chapter 36 Rules effective 1/1/21

Secretary of State

Application Instructions and Application Form

Oklahoma Housing Finance Agency's QAP consists of the Application Instructions, Application Form, and Title 330, Chapter 36 Affordable Housing Tax Credit (AHTC) Program Rules.  In any instance where there is a conflict between the Rules and the Instructions and/or the Application Form, the Rules shall control.  In any instance where there is a conflict between Oklahoma’s QAP and Section 42 of the IRS Code, the IRS Code shall control.  OHFA in discharging our responsibility as the state housing credit agency has chosen to be more restrictive than the Code in applying some of the requirements of Sec. 42.  

It is the responsibility of the Applicant to confirm with OHFA the Application instructions and forms are the current ones in use.  

For Reference Only:  Section 42 (m) requirements can be found addressed in the following sections:

• (1)(A)(iii) – Market Study – Threshold – Market Analysis & Attachment #5
• (1)(B)(i) – Development Location and Housing Characteristics – Selection Criteria #3
• (1)(B)(ii)(I) – Income Targeting – Selection Criteria #1
• (1)(B)(ii)(II) – Term of Affordability – Selection Criteria #2
• (1)(B)(ii)(III) – Development Location and Housing Characteristics – Selection Criteria #3
• (1)(C)(i-iii) – Development Location and Housing Characteristics – Selection Criteria #3
• (1)(C)(v) –Tenant Targeted Populations – Selection Criteria #7
• (1)(C)(vi) – Certifications – Threshold Criteria # 9
• (1)(C)(vii) – Development Amenities – Selection Criteria #8
• (1)(C)(viii) – Tenant Ownership – Selection Criteria #9
• (1)(C)(ix) – Energy Efficiency/Green Building – Selection Criteria #10
• (1)(C)(x) – Historic Nature – Selection Criteria #11

A copy of Section 42 IRS Code can be found at www.irs.gov.