| (a) This subchapter applies only to 2024 State Housing
Tax Credits to supplement Competitive HTC awards during the July Board
meeting of the Department at which final awards of credits are authorized
or to supplement Tax-Exempt Bond Developments.
(b) For Competitive HTC Applications, submissions required
to make a request for State Housing Tax Credits are considered a supplement
to the original Application. Requests for State Housing Tax Credits
are not considered Applications under the 2024 HTC Competitive Cycle
nor are they part of the 2024 Application Round.
(c) For Competitive HTC Applications, an allocation
of State Housing Tax Credits will be processed as a Material Amendment
to the Application under §10.405 of this title (relating to Amendments
and Extensions).
(d) For Competitive HTC Applications, revisions to
costs included in a request for State Housing Tax Credits will not
have an impact on points originally awarded for Costs of Development
per Square Foot or Leveraging (§§11.9(e)(2) and (4) of this
title, respectively).
(e) Tax-Exempt Bond Developments shall meet the requirements
of §11.1009 of this chapter (relating to State Housing Tax Credits
for Tax-Exempt Bond Developments).
(f) Developments with HOME funds from the Department
or another Participating Jurisdiction, will enter into a Contract
and a LURA for HOME Match Eligible Units.
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