WebConcerted Community Revitalization Plan (“CCRP”) - A document that assesses the health and potential prosperity of an area through public interaction and assessment of the physical, social and economic health of the citizenry, businesses, infrastructure and built environment in the area. A CCRP must contain all of the following: 1. Legislation:A 50% increase in the allocation authority of population-based, competitive LIHTCs (9% LIHTCs), phased-in over two years. Currently the amount is $2.8125 per capita (other than small states), although it will decrease to $2.50 in 2024 absent Congressional action. Direct QAP effect:Any specifically … See more Legislation:Only 25% of development costs must be initially financed with tax-exempt multifamily bond authority from the state’s private activity bond volume cap. Direct QAP … See more Legislation: Remove the requirement to notify the jurisdiction’s chief executive officer. (For more of a discussion see this post.) Direct QAP effect:Many QAPs describe the process for providing notice to the locality. Even … See more Legislation:In determining what constitutes a concerted community revitalization plan (CCRP), agencies will need to consider the extent to which it … See more Legislation: QAP selection criteria cannot reflect either political support for an application or local government contributions. Agencies could use scoring to encourage local financial contributions so long there is no … See more
Concerted Community Revitalization Plan Definition Law Insider
Webcontribution to a concerted community revitalization plan (“CCRP”), as outlined in Section III B. of the Allocation Plan, Scoring Criteria, under Comprehensive Community … WebSection 42(m)(1)(B)(ii)(III) requires QAPs give a preference to proposed developments located in qualified census tracts (QCT) which contribute to a concerted community revitalization plan (CCRP). QCTs are determined by HUD based on either the percentage of households below a certain income limit or a poverty rate above a particular level. finser ccc
9 % Low-Income Housing Tax Credit Application Checklist …
WebNov 13, 2024 · evidence that the deal ispart of a concerted community revitalization plan? A19. Applicants shall provide a copy of the applicable concerted community revitalization plan (CCRP) along with a letter from the municipality stating how the project contributes to the CCRP. Q20. Due to the Covid-19 pandemic, will CHFA make any … WebQualified Allocation Plan - 2024 10 . contribution to a concerted community revitalization plan (“CCRP”), as outlined in Section III B.of the Allocation Plan, Scoring Criteria, under … WebTDHCA’s proposed plan, asserting that it violated the LIHTC statute. 13. by failing to give preference to those developments that contribute to a concerted community revitalization plan (CCRP). 14. Frazier contended that that statute requires a preference for proposed developments that are located in qualified census tracts and that contrib- essay on topic women empowerment