Iowa § 16.35 - 16.35 State housing credit ceiling allocation.
Full text of Iowa Iowa Code § 16.35 — 16.35 State housing credit ceiling allocation., with citation guidance and answers to common questions.
§ 16.35. 16.35 State housing credit ceiling allocation.
1. The authority is designated the housing credit agency for the allowance of low-income housing credits under the state housing credit ceiling. 2. The authority shall adopt a qualified allocation plan that satisfies the requirements of section 42 of the Internal Revenue Code. The authority may revise the qualified allocation plan provided the revision satisfies the requirements of section 42 of the Internal Revenue Code. When adopting the qualified allocation plan, the authority shall specify the selection criteria, the application procedure, and the allocation of low-income housing credits under the state housing credit ceiling. The selection criteria described in the qualified allocation plan shall include all of the following: a. The selection criteria described in section 42 of the Internal Revenue Code. b. The statutory preferences described in section 42 of the Internal Revenue Code. c. The economic feasibility of the proposed project. d. The ability of the applicant to complete the project in a timely manner. 2014 Acts, ch 1080, §36, 78; 2024 Acts, ch 1022, §2, 3 Wed Dec 10 22:11:02 2025 Iowa Code 2026, Section 16.35 (34, 0)
Source: official Iowa text · Last verified 2026-08-27
Frequently Asked Questions About Iowa § 16.35
What does Iowa Code § 16.35 cover?
Section 16.35 ("16.35 State housing credit ceiling allocation.") is part of the Iowa Code, the codified statutory law of Iowa. 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 Iowa § 16.35?
A common citation format is "Iowa Code § 16.35" (Iowa). 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 Iowa law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Iowa official source linked on this page or consult a licensed Iowa attorney.
How does Iowa § 16.35 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Iowa 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 Iowa.