Affordable Housing Assistance Program: Operation Assistance Credits Grant

Affordable Housing Assistance Program: Operation Assistance Credits Grant

Status: ACTIVE
Funder: Missouri Housing Development Commission
Amount: Up to US $100,000 in in-kind support
Last Updated: April 23, 2025

Summary

The Affordable Housing Assistance Program (AHAP) in Missouri provides tax credits to incentivize donations for affordable housing initiatives. Eligible donors can receive a one-time credit of up to 55% of their donation value, supporting construction, rehabilitation, and rental assistance. With $10 million in production credits and $1 million in operating assistance credits available annually, the program aims to boost affordable housing in distressed communities. Interested organizations can apply for these credits until June 30, 2025.

Overview

NOTE: To the extent there are recaptured Operating Assistance credits, an Applicant receiving and successfully utilizing a reservation of Operating Assistance credits may apply for an additional reservation using the Increase Request Form (AHAP-250). The deadline for submitting an Increase Request is 4:00 p.m. CST on June 30, 2025. Missouri Affordable Housing Assistance Program The Affordable Housing Assistance Program (AHAP) housing production tax credit is used as an incentive for Missouri businesses and/or individuals to participate in affordable housing production. This state tax credit is earned by an eligible donor for the donation of cash, equity, services, or real or personal property to a non-profit community-based organization for the purpose of providing affordable housing assistance activities or market rate housing in distressed communities. The AHAP tax credit is a one-time credit that may be allocated to an eligible donor for up to 55 percent of the total value of an eligible donation. There are two types of AHAP tax credits: production credits for donations related to construction, rehabilitation, and rental assistance activities and operating assistance credits for donations that help fund the operating costs of the non-profit organization. The program offers $10 million in production credits and $1 million in operating assistance credits annually. The AHAP credit is governed by Missouri Revised Statutes: 32.105, 32.111, 32.112, 32.115, 32.120, and 32.125. Notice of Funding Opportunity Purpose: The Missouri Housing Development Commission (MHDC) hereby notifies interested non-profit community based organizations (“Applicant”) of the availability of tax credits to provide assistance in obtaining donations for affordable housing assistance activities or operating assistance. The amount of available tax credits is indicated below and further detailed within the Missouri revised statutes, Chapter 32, State Department of Revenue, section 32.105.

Eligibility

You can learn more about this opportunity by visiting the funder's website.