Iowa Finance Authority has published its Draft 2017 QAP. A redline version, as well as an overview of changes are also available. The following include some of the changes:

  • Addition of a Housing for the Homeless Set-Aside (one project limited to $820,000)
  • Reduction of the Rural Set-Aside from 15% to 10%
  • Projects of 25 units or less may exceed the debt service ratio to achieve a minimum $250 per unit per year (any federal requirements supersede this)
  • Developer fees shall not be increased after submission of the threshold application

Public comments are due by August 23rd at 4:30pm by email to housingtaxcredits@iowa.gov.
A Public Hearing will be held August 23rd from 9-11 a.m. at 2015 Grand Ave., Des Moines
For questions contact the housing tax credit team at 515-725-4941.