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Each year, state governments release what they call Qualified Action Plans (QAP). A QAP is a state's general plan regarding affordable housing development and funding allocations. Over the last few months, states have begun releasing their QAPs for the coming fiscal year.
Both Louisiana and California released draft versions of their plans earlier this year. Tens of millions of dollars is being allocated through each plan, which specifies how and where low-income housing can be developed.
Louisiana's draft plan lists four low-income housing tax credit "allocation pools" - four different designations through which tax credits are allocated for development projects.
Both Louisiana and California released draft versions of their plans earlier this year. Tens of millions of dollars is being allocated through each plan, which specifies how and where low-income housing can be developed.
Louisiana's draft plan lists four low-income housing tax credit "allocation pools" - four different designations through which tax credits are allocated for development projects.