| (a) For Qualified Developments not financed through
tax exempt bonds, for years in which the Department receives requests
for more State Housing Tax Credits than are available, the Department
shall prioritize applications proposing the most additional low income
Units for households at or below 30% of AMGI relative to the State
Housing Tax Credit Request. Units for households at or below 30% of
AMGI proposed in the original application shall not be considered.
The Department will award based solely upon new Units proposed in
exchange for tax credit equity. The initial State Housing Tax Credit
award shall be made to the Applicant with the lowest request amount
per additional Units provided. Subsequent awards shall be made using
the same metric until the Department can no longer fund a full credit
request. In the case of a tie, preference shall be determined based
upon the Original Application scores under §11.9 and, if applicable,
the tie breaker factors established under §11.7.
(b) An Application shall be ineligible for selection
if the Development is located in an area with any Neighborhood Risk
Factor described in §11.101(a)(3), and it did not receive an
allocation of federal tax credits under the QAP issued by the department
for 2021 or 2022.
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