Affordable Housing Tax Credits

The purpose of the Oklahoma Affordable Housing Tax Credit (AHTC). Also known as Low Income Housing Tax Credit (LIHTC) Program is to expand the supply of new affordable rental units and rehabilitate existing rental housing for Qualifying Households by stimulating private investment.

Eligible Activities
1.  Acquisition
2.  Substantial Rehabilitation
3.  New Construction

2021-2022 QAP First Draft 06.09.2020

2021 QAP Second Draft 07.28.2020

2021 QAP Comments with OHFA Responses 07.28.2020

2021 QAP Second Draft Comments with OHFA Responses 08.04.2020

2021 QAP Final Draft 09.10.2020 - 

Background is in order for our recent action of increasing the location points from 7 to 10 between the input session and the final draft of the QAP.

The change in location points from 7 to 10 was precipitated by a suggestion from a developer that, while only a max of 7 points are given, it is possible for a development to meet all four areas of scoring criteria, of which add up to 10 points. The theory was to simply raise the bar, so we did.

Since that action, we have received several comments that by doing so there is the potential to inadvertently drive developments to locations where there is a lesser need for housing. Believing there might be some merit to that observation, we have decided to move back to a maximum of 7 points while we study the issue further.

For 2020, there are two Funding Periods for which Applications will be accepted. The deadline for Funding Period One occurred in January.

The submission deadline for Funding Period Two was Thursday, June 25, 2020.

The 4% Tax Credit Rate for the second funding period of 2020 is 3.12%.

• Qualified Allocation Plan
• Application Materials & Resources
• Applications Currently Under Review
• Prior Allocations
• Carryover and Final Documents

For information on OHFA's Qualified Contract Process or Transfers contact Staff.

OHFA currently has 3 Developments under Qualified Contract. Please see the table below and contact either Doug Childers at (404) 942-3187, or Michael Fox at (404) 942-2216 with Jones Lang LaSalle Americas, Inc. for more information.