The North Carolina Housing Finance Agency has released a draft version of its 2011 Qualified Allocation Plan (QAP), and a draft of its design quality guidelines (Appendix B).  Major revisions to the QAP include:

  • Eliminates the $750,000 rehabilitation set-aside for Rural Development projects and pre-1992 tax credit projects;
  • Disqualifies certain counties with small populations that received 2010 allocations from receiving 2011 allocations;
  • Reduces the deadline extension for land use approvals and funding source commitments from 45 to 30 days;
  • Amends criteria and point scoring for site evaluation;
  • Eliminates point eligibility for FHLB Affordable Housing Program and PHA loans; and
  • Increases the number of required qualified low-income units for a project from 16 to 24.

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