Does TDHCA have geographical preferences or specific types of developments that it prefers?
A. Under the competitive HTC program, housing tax credits are allocated in accordance with Section 2306.111 of the Texas Government Code, which requires that the credits be allocated on a regional basis. There are thirteen state service regions; each of the thirteen state service regions is further divided into Rural and Urban/Exurban areas each of which is targeted to receive a pre-determined amount of the housing tax credits for each year. The amount per area is based on a regional allocation formula which is generated, with public input, by the Housing Resource Center of TDHCA. Upon finalization of the formula, the targeted allocations will be released. Additionally, the HTC Program has several allocations and/or set-asides which it strives to meet: at least 10% of all credits must be awarded to Qualified Nonprofits, at least 15% of each region’s credit allocation is targeted to At-Risk Developments and at least 5% of each region’s credit allocation is targeted to developments funde
