Per the 2022-2023 QAP, the Arizona Department of Housing (ADOH) conducted a survey of equity providers to determine appropriate investment assumptions. Based on the responses, the ranges for Federal LIHTC are:

  • Metro $0.86 – $0.92 (any application in Maricopa or Pima County);
  • Rural $0.84 – $0.90 (applications in all other counties); and
  • Tribal $0.82 – $0.88 (applications on eligible Tribal land).

The limitation for the State LIHTC in IB 06-22 remains $0.55 to $0.65 (regardless of location). Submissions for the April 1 deadline must reflect an amount of equity per LIHTC dollar based on the above.