Rental Production > Affordable Housing
Assistance Program (AHAP)
The
Affordable Housing Assistance Program (“AHAP”) housing
production tax credit is used as an incentive for Missouri
businesses and/or individuals to participate in affordable housing
production. This state tax credit is earned by an eligible donor
for the donation of cash, equity, services, or real or personal
property to a non-profit community-based organization for the
purpose of providing affordable housing assistance activities or
market rate housing in distressed communities. The AHAP credit is
governed by Missouri Revised Statutes: 32.105, 32.111, 32.112,
32.115, 32.120, and 32.125.
The
AHAP tax credit is a one-time credit that may be allocated to an
eligible donor for up to 55 percent of the total value of an
eligible donation. There are two types of AHAP tax credits:
production credits for donations related to construction,
rehabilitation, and rental assistance activities and operating
assistance credits for donations that help fund the operating costs
of the non-profit organization. The program offers $10 million in
production credits and $1 million in operating assistance credits annually.
> See
Recent Funding Requests
Please refer to the AHAP Program Guides and the accompanying
application and forms for details.
Guides, FAQ, NOFA
Forms
Donor Forms
Median Income Tables