Reglamento 9218

The Puerto Rico Housing Finance Authority's 2020 Qualified Allocation Plan (QAP) establishes the framework for distributing Low-Income Housing Tax Credits (LIHTC) within the Commonwealth. This comprehensive document details the legislative and Internal Revenue Code requirements governing the allocation process. It identifies critical housing needs and priorities, incorporating insights from Puerto Rico's public policy and disaster recovery action plan. The QAP outlines a rigorous methodology for evaluating and selecting projects, encompassing initial threshold qualifications, detailed development budget and pro forma reviews, and a financial feasibility analysis. A point-ranking system is used to score projects based on established criteria, guiding the allocation of tax credits and other Authority-administered funds, including CDBG-DR resources. Furthermore, the plan specifies procedures for the issuance of tax credits, compliance monitoring, applicable fees, and penalties. Its primary purpose is to ensure the effective and transparent allocation of resources to develop and preserve affordable housing units across Puerto Rico.