State of Rhode Island 2014 Qualified Allocation Plan
825-7389 INACTIVE RULE
Title | 825 | Housing and Mortgage Finance Corporation |
Chapter | XXX | Old Regulations Which Were Not Assigned Chapter-Subchap-Part |
Subchapter | XX | Old Regulations Which Were Not Assigned Chapter-Subchap-Part |
Part | 7389 | State of Rhode Island 2014 Qualified Allocation Plan |
Type of Filing | Adoption |
Regulation Status | Inactive |
Effective | 08/11/2013 to 12/07/2014 |
Regulation Authority:
Rhode Island General Laws 42-55-24.1
Purpose and Reason:
Rhode Island Housing has been designated the responsibility for administering the federal Housing Tax Credit Program for the State of Rhode Island. Rhode Island Housing has developed this Allocation Plan to comply with the requirements of Section 42 of the Internal Revenue Code and to ensure that those developments receiving federal Housing Tax Credits produce or preserve housing which helps to reduce the most pressing housing needs of the State. This Allocation Plan establishes the priorities that the Tax Credit Program will address and incorporates those priorities into the criteria used to evaluate all proposals.