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Pennsylvania Housing Agency Unveils 2027-2028 Low-Income Tax Credit Plan

Summarized from All Financial Services & Investing

PHFA has released its Qualified Allocation Plan for the next cycle of Low-Income Housing Tax Credits, opening applications for developers statewide.

Pennsylvania Housing Agency Unveils 2027-2028 Low-Income Tax Credit Plan

The Pennsylvania Housing Finance Agency has released its 2027/2028 Qualified Allocation Plan, signaling the start of a new application cycle for developers seeking Low-Income Housing Tax Credits across the state. The announcement was made from Harrisburg on November 11, 2026.

Low-Income Housing Tax Credits, commonly known as LIHTCs, serve as a primary federal mechanism for incentivizing private investment in the construction and preservation of affordable rental housing. By releasing the Qualified Allocation Plan, PHFA establishes the criteria, priorities, and scoring framework that developers must follow when submitting applications for the upcoming funding round.

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The Qualified Allocation Plan is a legally required document that each state housing finance agency must publish to govern how it distributes its annual federal tax credit allocations. For Pennsylvania, the plan effectively sets the competitive landscape for affordable housing development through 2028, shaping which projects receive public subsidy and where new or rehabilitated affordable units are likely to emerge.

Affordable housing advocates and development industry observers closely track these releases, as the QAP signals shifting policy priorities — such as preferences for rural development, transit-oriented projects, or units serving extremely low-income residents — that can steer hundreds of millions of dollars in private investment. Developers interested in applying are encouraged to review the full plan through PHFA's official channels.

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Frequently Asked Questions

Q.What is the PHFA Qualified Allocation Plan?

The Qualified Allocation Plan is a document released by the Pennsylvania Housing Finance Agency that sets the criteria and priorities for distributing Low-Income Housing Tax Credits to developers in the state.

Q.Who can apply for Pennsylvania Low-Income Housing Tax Credits?

Developers interested in the construction or preservation of affordable housing in Pennsylvania are eligible to apply using the guidelines outlined in the PHFA's Qualified Allocation Plan.

Q.What do Low-Income Housing Tax Credits support?

Low-Income Housing Tax Credits support the development and preservation of affordable housing by incentivizing private investment in qualifying residential projects.

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