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28 J.L. & Pol'y 639 (2019-2020)
QAP out: Why the Federal Government Should Require More from How States Allocate Low-Income Housing Tax Credits

handle is hein.journals/jlawp28 and id is 647 raw text is: QAP OUT: WHY THE FEDERAL GOVERNMENT SHOULD REQUIRE MORE FROM HOW STATES ALLOCATE LOW-INCOME HOUSING TAX CREDITS Connor Blancato* Prohibitively high land acquisition and construction costs block affordable housing developers from using the Low-Income Housing Tax Credit program in high opportunity areas. Policymakers must study the history of housing policy in the United States and realize that the LIHTC program works because it suitably balances previously problematic private-market competition, federalism concerns, and compliance issues. Federal lawmakers can look to Qualified Allocation Plans drafted by individual states as a way to encourage the construction of affordable housing without upsetting this equilibrium. To encourage such development, the federal government can require states, in determining tax credit allocations through QAPs, to give preference to difficult development areas, high opportunity areas, or areas with less than 10% affordable housing stock. INTRODUCTION After a half-century of federally administered housing programs resulting in varied levels of success, Congress enacted a workable program to subsidize the construction of affordable housing.' Since * Brooklyn Law School (J.D. Candidate 2021); Loyola University Maryland (B.A. 2018). The author would like to thank Taylor Schmidinger, Haleigh Doherty, Merin Urban and all his coworkers at NYC Housing Development Corporation and the entire staff of the Journal of Law and Policy for their suggestions and support. The author would like to extend special thanks to his mother AnneMarie Blancato, whom he forgot to thank during a scholarship acceptance speech in 2014 and still feels bad about it. Any mistakes or errors are the author's own. 639

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