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. All projects are awarded credits in accordance with HMFA's adopted 2011 QAP (pdf 351k).
Competitive Tax Credits are awarded two times annually; one application cycle in the Spring and one in late Summer. Applications for Volume Cap credits are accepted on a rolling basis.
The instruction page for the 2011 application is currently available.
