Funding sources such as LIHTC are vitally important in rural areas where Recovery Housing budgets are commonly tight and margins are thin.
The development of resilient Recovery Housing can be difficult, significantly because of the challenges in obtaining funding for capital development. Because the LIHTC allocation process changes each year based on the Allocating Agency’s specific Qualified Allocation Plan (QAP) which regulates the administration of each state’s LIHTC, Fletcher Group staff are here to help with navigating this complicated process.