CHAPTER 12LOW-INCOME HOUSING TAX CREDITS265—12.1(16) Qualified allocation plans. 12.1(1) Four percent qualified allocation plan. The qualified allocation plan titled Iowa Finance Authority Low-Income Housing Tax Credit Program 2023 4% Qualified Allocation Plan (“4% QAP”) dated December 7, 2022, shall be the qualified allocation plan for the allocation of 4 percent low-income housing tax credits consistent with IRC Section 42 and the applicable Treasury regulations and Iowa Code section 16.35. The 4% QAP is incorporated by reference pursuant to Iowa Code section 17A.6 and 265—subrules 17.4(2) and 17.12(2). The 4% QAP does not include any amendments or editions created subsequent to December 7, 2022. 12.1(2) Nine percent qualified allocation plan. The qualified allocation plan titled Iowa Finance Authority Low-Income Housing Tax Credit Program 2023 9% Qualified Allocation Plan (“9% QAP”) shall be the qualified allocation plan for the allocation of 9 percent low-income housing tax credits consistent with IRC Section 42 and the applicable Treasury regulations and Iowa Code section 16.35. The 9% QAP is incorporated by reference pursuant to Iowa Code section 17A.6 and 265—subrules 17.4(2) and 17.12(2). The 9% QAP does not include any amendments or editions created subsequent to November 2, 2022. Related ARC(s): 8266B, 8947B, 9279B, 9950B, 0427C, 1139C, 1700C, 2225C, 2723C, 3338C, 4037C, 4794C, 5717C, 6721C, 6899C265—12.2(16) Location of copies of the plans. 12.2(1) 4% QAP. The 4% QAP can be reviewed and copied in its entirety on the authority’s website at www.iowafinance.com. Copies of the 4% QAP, application, and all related attachments and exhibits shall be deposited with the administrative rules coordinator and at the state law library and shall be available on the authority’s website. The 4% QAP incorporates by reference IRC Section 42 and the regulations in effect as of December 7, 2022. Additionally, the 4% QAP incorporates by reference Iowa Code section 16.35. These documents are available from the state law library, and information about these statutes, regulations and rules is on the authority’s website. 12.2(2) 9% QAP. The 9% QAP can be reviewed and copied in its entirety on the authority’s website at www.iowafinance.com. Copies of the 9% QAP, the application, and all related attachments and exhibits shall be deposited with the administrative rules coordinator and at the state law library and shall be available on the authority’s website. The 9% QAP incorporates by reference IRC Section 42 and the regulations in effect as of November 2, 2022. Additionally, the 9% QAP incorporates by reference Iowa Code section 16.35. These documents are available from the state law library, and information about these statutes, regulations and rules is on the authority’s website.Related ARC(s): 8266B, 8947B, 9279B, 9950B, 0427C, 1139C, 1700C, 2225C, 2723C, 3338C, 4037C, 4794C, 5717C, 6721C, 6899C265—12.3(16) Compliance manual. Rescinded ARC 1700C, IAB 10/29/14, effective 12/3/14.265—12.4(16) Location of copies of the manual. Rescinded ARC 1700C, IAB 10/29/14, effective 12/3/14.These rules are intended to implement Iowa Code section 16.35.Related ARC(s): 7700B, 7891B, 8266B, 8723B, 8947B, 9279B, 9950B, 0427C, 1139C, 1700C, 2225C, 2723C, 3338C, 4037C, 4794C, 5717C, 6721C, 6899C
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