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Green Low Income Housing on the Rise

2013 QAP Green Building Analysis -Global Green
2013 QAP Green Building Analysis -Global Green

Affordable Housing Finance
April 24, 2014

Global Green has been examining green building practices featured in states' Qualified Allocation Plans (QAP) since 2006.  A recently published report by Global Green, “2013 QAP Analysis” indicates that states’ housing finance agencies (HFAs) increasingly encourage green building through their the Low Income Housing Tax Credit (LIHTC) Programs.  States have also been outsourcing green development to third parties which relieves the HFAs.  Walker Wells, director of the Green Urbanism Program, stated, “It’s better for everyone to do that. Requiring third-party certification enables developers to get a letter or certificate stating that they met those green standards, which provides more certainty for the HFAs and tax credit investors.”  More…