Affordable Housing, Community Development, Reports and Publications, Supportive Housing

CSH Releases 2011 Housing Credit Policies Report

CSH
 

The Corporation for Supportive Housing (CSH) has released its Housing Credit Policies Report for 2011, outlining the trends in state Housing Finance Authorities’ Qualified Allocation Plans (QAP) and giving updates to the states that provide QAP incentives for building supportive and affordable housing.

The Connecticut Housing Finance Agency (CHFA) finances developments that provide housing for households between 25 percent and 50 percent of AMI. Points are awarded based on the percentage of qualified units that serve such households (maximum points are awarded for projects that dedicate at least 40 percent of units to households within this income bracket), according to the report. CHFA also added a scoring incentive of six points based on documentation of supportive services. CHFA awards maximum points to projects that dedicate more than 20 percent of their total units for supportive housing specifically targeting at-risk or chronically homeless residents. CHFA modified these scoring incentives in 2011 from the 2010 criteria that awarded 10 points to shelter- or service-providers of supportive services for tenants.

Nationwide, the study notes several QAP policy trends:

  • As states or regions focus on promoting supportive housing, often state and local officials and advocates turn to the QAP to create threshold requirements and set-asides to encourage or enable the development of supportive housing;
  • Integrated Supportive Housing continues to become a more popular way to create PSH units, and more housing credit agencies now allow supportive housing projects, or developments serving tenants at or below 30 percent AMI, to receive a 130 percent basis boost. Basis boost basically means that projects can receive up to 30 percent more credits.

To Learn More:
Read the report

 

 
 

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