Nearly all housing finance agencies provide potential scoring advantages in their low-income housing tax credit (LIHTC) programs for supportive housing.
Fifty out of 54 agencies offered scoring incentives in their 2012 qualified allocation plans (QAPs), which are used to award the housing credits to developers, according to the Corporation for Supportive Housing.
Awarding points or other scoring advantages is the most popular strategy used by the states to help spur developments that combine affordable housing with key services to end homelessness or assist special-needs residents. Housing agencies are also using threshold requirements and setting aside a portion of the annual LIHTC authority for supportive housing.
Overall, CSH, which recently examined all the QAPs, found that in 2012:
· 50 out of 54 housing finance agencies provide potential scoring advantages for supportive housing;
· 44 housing credit agencies provide general scoring incentives encouraging supportive housing, special-needs housing, and/or housing for people with disabilities;
· 19 agencies promote supportive housing with set-asides, creating a nearly $53 million pool for these projects; and
· Two agencies have a threshold requirement of dedicating 5 percent to 10 percent of units for supportive housing. Six others have more general threshold requirements that promote supportive housing.
For more information, visit www.csh.org.