As established under §171.566 of the Tax Code, a Priority
Allocation of five million will be allocated to previously awarded
Developments which the Department determines require an allocation
of credits under this subsection to secure feasibility. Requests for
the allocation under this subsection must meet the following criteria
to be eligible for the award.
(1) Must not be financed through tax exempt bonds;
(2) The Owners or Developers of which have owned the
land necessary for the Development since at least December 31, 2022;
and
(3) Received an allocation of federal tax credits under
the QAP issued by the Department for 2021 or 2022.
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