2026- 27 9% and 4% Qualified Allocation Plan (QAP) |
The Iowa Finance Authority (IFA) Board of Directors approved the 2026–2027 9% and 4% Qualified Allocation Plans (QAPs) at their August 6, 2025 meeting. The approved QAPs are available here and timelines for both programs are outlined below. Please contact the Housing Tax Credit Team with any questions.
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2026 9% Application Timeline
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| Process Step | Date |
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| Tax Credit Appendices Package Available | October 2025 | | Tax Credit Application Package Available | November 2025 | | Qualified Service Provider Request Submissions due to IFA | Between February 16 and February 27, 2026, 4:30 p.m. Central Time | | Application Package Submission due to IFA | March 11, 2026, 4:30 p.m. Central Time | | Application Deficiency Period | April/May 2026 | | IFA Tax Credit Reservation recommendations presented to Board | June 2026 IFA Board of Directors Meeting | | Issuance of 2026 Carryover Allocation Agreements | On or about September 1, 2026 | | Carryover-Ten Percent Test Application Package due to IFA | On or about August 1, 2027 (11 months following the date of Carryover Agreement) | | Placed in Service Deadline | All buildings in the Project must be placed-in-service no later than December 31, 2028. | |
IRS Form 8609 Application Package due to IFA | No later than November 1 of the first- year credit period |
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2026 4% Application Timeline
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| Process Step | Date |
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Tax Credit Appendices Package Available | December 2025 | | Tax Credit Application Package Available | April 2026 | | Deadline for Bond Inducement Resolution Applications to IFA | April 22, 2026 for May IFA Board Meeting;
May 20, 2026 for June IFA Board Meeting; or
June 17, 2026 for July IFA Board Meeting | | Tax Credit Application Due Date | August 5, 2026 by 4:30 p.m. Central Time | | Tax Credit Deficiency Period | Mid/Late September 2026 | | IFA Tax Credit Reservation recommendations presented to Board | November 4, 2026 | | Bond Issuance Application Submission Deadline | No later than November 1, 2027 | | Placed in Service Deadline | All buildings in the Project must be placed-in-service no later than 24 months from 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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