Allocations & Awards
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. The Qualified Allocation Plan, or QAP, details the selection criteria and application requirements for both 9% and 4% Low Income Housing Tax Credits.
Download the Adopted 2019-20 Qualified Allocation Plan (QAP)
Adopted by the HMFA Board on April 18, 2019
Competitive 9% Tax Credits are awarded one time annually. Applications for as-of-right 4% credits are accepted on a rolling basis. Developers may apply using the UNIAP application, featured on the UNIAP Page.
Election to Fix Tax Credit Percentage
Get more info on locking the applicable tax credit percentage for projects with Tax Exempt Bonds.
Tax Credit Assistance Program (TCAP)
Information and helpful documents regarding the Tax Credit Assistance Program (TCAP)
Tax Credit Exchange Program (TCX)
Information and helpful documents regarding the Tax Credit Exchange Program (TCX)
Binding Agreements, Carryover Allocations and 10% Test
Information and documents for completing a Binding Agreement, Carryover, or 10% Test submission.