R.I. Gen. Laws § 42-55-24.1: Allocation of tax credits.

The corporation shall be the sole and exclusive agent for the allocation of all federal tax credits for low-income housing under 26 U.S.C. § 42. The corporation shall have all of the powers necessary to effectuate those allocations, including without limitation, the power to adopt rules, regulations, and policies regarding those allocations. Notwithstanding the foregoing and any other provision of law, effective January 1, 2026, the qualified allocation plan required by 26 U.S.C. § 42 shall be developed by the executive office of housing in consultation with the corporation.