Allocations and Awards

Allocations and Awards

The Tax Credit Allocation Division is responsible for allocating all competitive (9% Tax Credits) and Volume Cap Tax Credits (4% Tax Credits) for the state of New Jersey. All projects are awarded credits in accordance with HMFA's adopted Qualified Allocation Plan (QAP) (397k PDF) for the State of New Jersey, approved by the HMFA Board in May 2013. 

Competitive Tax Credits are awarded two times annually; one application cycle in the Spring and one in late Summer. Applications for Volume Cap credits are accepted on a rolling basis.

HMFA expects to hold its next 9% tax credit round in 2nd Quarter 2015.

Developers may apply using the UNIAP application, featured on the UNIAP Page.

Allocation Awards

View the current and historical allocation application and award information.

Qualified Allocation Program (QAP)

Information and helpful documents regarding the Qualified Allocation Program (QAP)

Tax Credit Assistance Program (TCAP)

Information and helpful documents regarding the Tax Credit Assistance Program (TCAP)

Tax Credit Exchange Program (TCX)

Information and helpful documents regarding the Tax Credit Exchange Program (TCX)

Carryover

Information and helpful documents regarding Carryover

8609

Information, documents, and application information regarding IRS Form 8609