low income housing tax credits affordable housing for coloradans When you’re developing an affordable housing project, Low Income Housing Tax Credits (LIHTCs) provide a significant source of equity. In fact, they’ve provided over $2 billion in equity for affordable rental housing in Colorado since the program began in Colorado. CHFA allocates these tax credits and administers the LIHTC program in accordance with its Qualified Allocation Plan (QAP). allocation updates 2021-22 QAP 2021 Housing Credit Application 2021 Round 1 LOI Report 2020 Round 2 Award Report 4% Non-Competitive LOI Report