2025 Appendices Package is now available
2025 Second Amended 4% Qualified Allocation Plan (QAP) |
The Iowa Finance Authority (IFA) Board of Directors approved the Second Amended 2025 4% Qualified Allocation Plan (QAP) at their June 4, 2025, meeting. The QAP reflects a transition of the 4% federal housing tax credit program to a competitive format in response to growing demand for the private activity bond cap.
The 2025 4% Appendices Package is available here.
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4% Competitive Tax Credit Reservation and Bond Inducement Resolution Schedule
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| Process Step | Date |
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| Tax Credit Application Package Available | July 2025 | | Deadline for Bond Inducement Resolution Applications to IFA | July 23, 2025, or August 20, 2025 | | Tax Credit Application Submission Due Date | September 17, 2025, by 4:30 p.m. Central | | Tax Credit Application Deficiency Period | Mid/ Late October 2025 | | IFA Tax Credit Reservation recommendations at IFA Board Meeting | December 3, 2025 | | Bond Issuance Application Submission Deadline | No later than November 16, 2026 | | Placed in Service Date | 24 months from the date of the Bond Issuance Date | | IRS Form 8609 Application Package due to IFA | No later than November 1 of the first- year credit period |
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