2008 Tax Credit Program

Rates

Taxable Bond Rate:
8.050%
Tax-Exempt Financing:
8.012%
Preservation Plus:
7.762%
Construction Plus:
2.280%
Tax Credit Financing:*
7.000%
*30 year term/15 year yield maint/30 year amort.

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2008 Tax Credit Program

2008 Reservations/Carryover List

Detailed list of 2008 Reservations and Carryovers.

2008 List of Awarded Applicants

Results of the 2008 Low-Income Housing Tax Credit competition available in a pdf format. Revised 9/19/08

2008 LIHTC Applicants

Competitive LIHTC applications for credit year 2008.
PDF ( 18 KB)
Excel ( 34 KB)

LIHTC OnLine Application (LOLA)

Applications for Credit must be submitted electronically using LOLA, WHEDA's LIHTC OnLine Application: Signup or access an existing account

The 2008 competitive LIHTC application cycle is closed. Noncompetitive 2008 applications will be accepted through December 29, 2008 (5:00 p.m. CST).

Getting to Know LOLA 2008 - Complete instructions on how to use LOLA to submit an application

View or print a sample online application including Checklists and Self-Scoring in a PDF format. Revised 12/19/07

2008 Application Appendices

Appendices provide instruction/information needed to prepare a LIHTC application. (.pdf) See About File Formats for help.

Appendix A - Market Study Guidelines
Appendix B - Nonprofit Set-Aside Threshold
Appendix C - 2007 Income and Rent Limits
Appendix D - Home Funds and Low-Income Housing Tax Credits
Appendix E - Eliminated for 2007-2008
Appendix F - Qualified Census Tracts
Appendix G - 221(d)(4) Cost Limit Guide (Excel spreadsheet) Revised 10/16/07
Appendix H

Appendix I - Service Provision in Senior Housing
Appendix J - Utility Allowances
Appendix K - Developer Fee Policy
Appendix L - Eliminated for 2007-2008
Appendix M - Energy Efficiency Threshold Requirement Revised 10/16/07
Appendix N - HUD/RD Submittal Requirements
Appendix 0 - Eliminated for 2007-2008
Appendix P - Development Team Quality
Appendix Q - Identity of Interest Situations
Appendix R - Certified Rent Roll Requirement
Appendix S - Construction Signage Requirement Revised 1/10/08

The four files below are for use only by your sign-maker since the file formats can only be read by specific graphic arts programs.
- Two-color .eps graphics zip file (1.27MB)
- Two-color .pdf graphics zip file (427KB)
- Four-color .eps graphics zip file (988KB)
- Four-color .pdf graphics zip file (424KB)
See How to Download Executable Files for instructions on how to save and open zipped files.

Appendix T - Eliminated for 2007-2008

Entire Packet of Appendices A-T

Additional 2008 Required Materials

(.pdf, .exe, or .xls format)

Required:

Debt Interest Methodology - Competitive Applications must use 7.027% as the permanent debt interest rate (WHEDA's 18-year term Tax Credit Financing rate published the first Wednesday in January, 2008, including rate hedge).
Development Team Experience Forms
.pdf) (.exe)
Fee Remittance Form
(.pdf) (.exe)
Local Official Notification Form
(.pdf) (.exe)
Post-Award Checklist
(.pdf) (.exe)
Request for Referrals Form
(.pdf) (.exe)

Optional for certain applications:

Applications for Additional Credit
LIHTC Multifamily Loan Application Addendum
(.pdf) (.exe)
Normalized Credit Worksheet - Excel Spreadsheet

QAP

Amended 2007-2008 Qualified Allocation Plan Package FINAL
The .pdf includes the Governor's approval letter, the FINAL Qualified Allocation Plan, and major changes for 2008.

Eligibility (Income Limits)

2008 Income and Rent Limits
HUD published income and rent limits that apply to most tax-exempt bond financing and all tax credit developments.

Fast Facts

A quick overview of the 2008 Low-Income Housing Tax Credit program.

Tax Credit Advisory Committee

6-13-07 Minutes

5-25-07 Minutes

Developer's Focus Group 2008 Results

Powerpoint presentation

Developer's Focus Group 2007 Results

Powerpoint presentation