The QAP contains new and revised definitions, a revised Credit allocation process, revised threshold selection criteria, and revised compliance monitoring requirements. The Regulations contain definitions, scoring selection criteria and underwriting criteria. DHCR reserves the right to allocate all, a portion of, or none of the available State Tax Credit funds based upon the competitiveness of the applications received and the applicant's ability to meet DHCR criteria for funding. Applications are evaluated for completeness, program eligibility, feasibility and the extent to which the application meets the threshold criteria contained in DHCR's QAP and the selection criteria contained in the Regulations. Notices regarding the status of applications for State Tax Credit only, submitted under this NOCA, will be mailed as the reviews are completed.
Applicants are responsible for obtaining the proper application to be considered for funding.