The Qualified Allocation Plan

The low income housing tax credit is established under Section 42 of the Internal Revenue

Code of 1986. The credit is a federal income tax credit for Owners of qualifying rental housing which meets certain low income occupancy and rent limitation requirements.

Congress established the Low Income Housing Tax Credit program by enactment of the Tax Reform Act of 1986. Montana Board of Housing (MBOH) implemented and began administering the Low Income Housing Tax Credit program in 1987 in the State of Montana. Since then, the program has assisted in providing for the retention, rehabilitation and construction of rental housing for low income individuals and families for over 6,000 units throughout Montana.

The Omnibus Budget Reconciliation Act of 1989 required the appropriate administering agencies, e.g., MBOH to allocate credits pursuant to a Qualified Allocation Plan (QAP) which sets forth the priorities, considerations, criteria and process for making allocations to projects in Montana. The Omnibus Budget Reconciliation Act of 1993 provided a permanent extension for the Low Income Housing Tax Credit.

Montana Board of Housing is the state agency that allocates the tax credits for housing located in Montana. The per state resident amount of tax credit allocated annually for housing is currently limited to $2.30 with a minimum cap as allocated by IRS, whichever is larger. The current allocation of Tax Credits plus any inflation factor the IRS may calculate is posted to the MBOH annually. Montana receives the minimum cap because of its population.

An Owner must obtain a credit Allocation from MBOH before claiming the tax credit.

This QAP is intended to ensure the selection of those developments which best meet the most pressing housing needs of low income people within the State of Montana in accordance with the guidelines and requirements established by the federal government and the requirements, considerations, factors, limitations, criteria and priorities established by the MBOH Board.

Letter of Intent Documents

Letter of Intent Narrative

Letter of Intent Attachment

Market Study Requirements

Funding Portal (Click here for electronic submission - Letter of Intent Attachment MUST be uploaded in Excel form)

Please contact Mary Bair at or Kellie Guariglia at for the link to electronic payment and submission instructions for Letters of Intent.

If you have questions, call 406-841-2845


QAP Documents

2018 Final Qualified Allocation Plan



2017 Qualified Allocation Plan

2017 Application Attachments:

2016 Qualified Allocation Plan

2016 Exhibits

Exhibit A:    High Cost Areas

Exhibit B:    Full Market Study Requirements

Exhibit C1:  10% and 8609 Letters and Forms

Exhibit C2:  10% Cost Certification-Independent Auditors' Report

Exhibit C3:  10% Owner's Statement - 10% Certification

Exhibit C4:  Final Cost Certification - Independent Auditors' Report

Exhibit C5:  Owner's Statement - Final Allocation

Exhibit C6:  Owner's Statement - Acq/Rehab Final Allocation

Exhibit C7:  Exhibit A Itemized Actual Cost and Eligible Basis (new construction)

Exhibit C8:  Exhibit A Itemized Actual Cost and Eligible Basis (Acq/Rehab)

Exhibit D1:  Letter of Intent Template

Exhibit D2:  Attachement to Letter of Intent

Exhibit E:    Release of Information Form and List of States and Properties

Exhibit F:    Green Checklist

Exhibit G:    Statistical Data

Exhibit H:    Cold Weather Development and Construction Experience

2015 Qualified Allocation Plan

2014 Qualified Allocation Plan

2013 Qualified Allocation Plan

2012 Qualified Allocation Plan

2011 Qualified Allocation Plan

2010 Qualified Allocation Plan

2009 Qualified Allocation Plan

2008 Qualified Allocation Plan

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301 S. PARK AVE, STE 240 | PO BOX 200528 | HELENA, MT 59620-0528 | P: (406) 841-2840 | F: (406) 841-2841 | TDD: (406) 841-2702 | TOLL FREE: (800) 761-6264