Because the supply of Housing Credits is limited, AHFA has created a prioritizing system to determine which projects receive funding awards.
- AHFA develops and implements allocation plans each year, which include selection criteria, an evaluation process, and compliance monitoring procedures.
- Applications are accepted during AHFA-designated funding cycles which generally occur soon after HUD’s approval of AHFA’s annual program.
- AHFA directs application cycles on a competitive basis. Funding decisions are based on the project selection criteria and a point scoring system outlined in the application package.