Alabama § 40-18-531 - Tax Credit for Qualified Workforce Housing Projects.
Full text of Alabama Code of Alabama § 40-18-531 — Tax Credit for Qualified Workforce Housing Projects., with citation guidance and answers to common questions.
§ 40-18-531. Tax Credit for Qualified Workforce Housing Projects.
Regarding the adoption of qualified allocation plans as they relate to the workforce housing tax credit by the authority, the authority shall incentivize and prioritize four percent qualified projects, or in the case of awards under Section 40-18-533(f), qualified projects in areas identified by the Department of Commerce concerning its priorities for the location and type, including new construction, rehabilitation, or both, of multifamily housing which will support economic development efforts and the creation of stable, good-paying jobs in the State of Alabama. It is the desire of the Legislature that the efforts of the Department of Commerce in seeking to create jobs will be generally supported by the creation of multifamily rental housing opportunities supported by the workforce housing tax credit.Source: official Alabama text · Last verified 2026-08-27
Frequently Asked Questions About Alabama § 40-18-531
What does Code of Alabama § 40-18-531 cover?
Section 40-18-531 ("Tax Credit for Qualified Workforce Housing Projects.") is part of the Code of Alabama, the codified statutory law of Alabama. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Alabama § 40-18-531?
A common citation format is "Code of Alabama § 40-18-531" (Alabama). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Alabama law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Alabama official source linked on this page or consult a licensed Alabama attorney.
How does Alabama § 40-18-531 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Alabama can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Alabama.