Since last August, a team of THDA staff members has been reviewing data from competitive applications, placed in service properties and properties exiting the affordable housing inventory through the qualified contract process. From this review, THDA has produced four talking points to begin the Qualified Allocation Plan discussion for 2019. In addition to the talking points, THDA is considering topics from the Recommended Practices in Housing Credit Administration issued by the National Council of Housing Finance Agencies and THDA is moving towards a two-year Qualified Allocation Plan.

The talking points for discussion are:

  1. Separate rounds and scoring systems for new construction and existing housing.  The primary focus on new construction will be location.  The primary focus on existing housing will be a combination of the last date placed in service, timing of last period of sustained occupancy of 85% or higher, and identified property needs as identified in the capital needs assessment;
  2. Identification of program services by area to fairly address the affordable housing needs of Tennessee using total development costs, per development caps, county caps and region caps.
  3. Implementation of all utility allowance methodologies from the Treasury Regulations which incorporates energy efficiencies required by prior Qualified Allocation Plans; and
  4. Leverage – what is it, how do we define its use, and would we prioritize it in certain areas.

THDA is seeking your feedback on these topics.  Please feel free to email your thoughts and ideas to dduarte@thda.org between now and March 20, 2018 so that we can discuss these topics and your comments with the Tax Credit Committee in March.