LIHTC, HHFDC programs and the Hawaii housing market, explained by a developer who works on these deals. Written from the QAP, the board packets and the statute, not from summaries.https://hplushousing.com/en-ushttps://hplushousing.com/articles/hawaii-2027-lihtc-round/https://hplushousing.com/articles/hawaii-2027-lihtc-round/HHFDC has released nothing about a 2027 Consolidated Application round, and its board was told in July that QAP revisions now underway land in 2028. The "FY 2027 Consolidated Application" currently open is a different program. Here is the actual state of play, and what to do with the gap.Fri, 09 Oct 2026 00:00:00 GMThawaii-lihtcSun-Ik Hamhttps://hplushousing.com/articles/the-25-percent-bond-test/https://hplushousing.com/articles/the-25-percent-bond-test/OBBBA cut the bond financing test for 4% LIHTC from 50% to 25% of aggregate basis. In Hawaii, which draws the small-state minimum on private activity bonds, that roughly doubles how far the annual cap stretches — and exposes what the real constraint was all along.Thu, 08 Oct 2026 00:00:00 GMTfederal-lihtcSun-Ik Ham