PHFA Announces 2027/2028 Qualified Allocation Plan for Low-Income Housing Tax Credits
The Pennsylvania Housing Finance Agency (PHFA) has released its updated 2027/2028 Qualified Allocation Plan (QAP), outlining the guidelines and priorities for allocating federal Low-Income Housing Tax Credits (LIHTC). The revised plan incorporates feedback from developers and housing advocates to encourage innovative solutions for the development and preservation of affordable rental housing across Pennsylvania. Developers seeking 9% tax credit reservations for 2027 must submit complete application packages by February 17, 2027. This initiative continues a long-standing program that has historically facilitated the creation or preservation of approximately 2,500 affordable rental units annually within the Commonwealth.
Topics: Affordable Housing Low-Income Housing Tax Credits Pennsylvania Policy Real Estate Development