Qualified Allocation Plan definition

Qualified Allocation Plan or “QAP” means this Qualified Allocation Plan, which was adopted by Board Action on October 17, 2012 and made effective as of January 1, 2013, and which was approved by the Governor of the State of New Mexico pursuant to Section 42(m)(1)(B) of the Code and sets forth the Project Selection Criteria and the preferences for Projects which will receive Tax Credits.
Qualified Allocation Plan or “Plan” means the plan for allocation of the annual State Ceiling on the Credit adopted by the housing credit agency pursuant Section 42(m)(1)(B) of the Code.
Qualified Allocation Plan or “Plan” means the plan for allocating and administering the Credit adopted by the housing credit agency pursuant Section 42(m)(1)(B) of the Code.

Examples of Qualified Allocation Plan in a sentence

  • For the purpose of this Qualified Allocation Plan, “special housing needs” mean persons for whom social problems, age or physical or mental disabilities impair their ability to live independently, and for whom such ability can be improved by more suitable housing conditions.

  • Under Section 42(m), THDA is required to develop a Qualified Allocation Plan (“QAP”) to define the process by which it will allocate an annual amount of Housing Credit in Tennessee.

  • The Revenue Reconciliation Act of 1989 amended IRC Section 42 by adding Section 42(m) that requires allocating agencies to allocate low-income housing tax credits pursuant to a Qualified Allocation Plan (QAP).

  • The Qualified Allocation Plan sets out the priorities and selection criteria for the competitive round.

  • The Convener welcomed the report and the action plan in place to deal with the issues highlighted in the audit.


More Definitions of Qualified Allocation Plan

Qualified Allocation Plan or “QAP” means this Montana qualified allocation plan required by Section 42 of the Code.
Qualified Allocation Plan means a qualified allocation plan adopted by the Utah Housing Corporation in accordance with Section 42(m), Internal Revenue Code.
Qualified Allocation Plan means the qualified allocation plan adopted by the KHRC pursuant to section 42(m) of the federal internal revenue code;
Qualified Allocation Plan means the qualified allocation
Qualified Allocation Plan or “QAP” means, with respect to the HC Program, the Qualified Allocation Plan which is adopted and incorporated herein by reference, effective on the date of the latest amendment to this rule chapter, and which was approved by the Governor of the State of Florida, pursuant to Section 42(m)(1)(B) of the Code and sets forth the selection criteria and the preferences of the Corporation for Developments which will receive Housing Credits. The QAP is available on FHFC’s web site www.floridahousing.org included as an attachment to the Application Package.
Qualified Allocation Plan means the qualified allocation plan adopted by the Utah Housing Corporation pursuant to Section 42(m), Internal Revenue Code.
Qualified Allocation Plan means a plan adopted by the board under this subchapter that: