During 2009, the Massachusetts Department of Housing and Community Development intends to continue its long-standing commitment to the tax credit program by selecting worthy and eligible projects that are highly ready to proceed and capable of attracting interest from remaining investors.
In preparing the 2009 Qualified Allocation Plan (QAP), as required by the U.S. Department of the Treasury, DHCD has attempted to balance four primary goals:
- to build as much flexibility as possible into the tax credit development and selection process;
- to expedite the selection process for eligible projects capable of attracting scarce equity
investments;
- to take advantage of key elements of the HERA legislation from July 2008;
- to remain true to the Department’s core mission by selecting eligible projects with attributes that
have always been important to DHCD.