Ala. Code § 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.