The Mississippi Home Corporation (MHC) has released a summary of proposed revisions to its 2010 qualified allocation plan (QAP) for its low-income housing tax credit program. Proposed major changes include to.
- Create a new section on ineligible applicants;
- Require all applicants to notify MHC in advance of the public hearing by submitting the Notice of Publication Form and Attachment 7 Site Assessment Form;
- Make additional credits available on a first come, first served basis subject to the extent available;
- Require owners to submit quarterly status reports to MHC’s Compliance Monitoring Division once a project is placed in service; and,
- Modify eligible scoring criteria and point categories.
