Providing a corporate and individual income tax credit for +contributions to qualifying affordable housing, defining qualifying housing and +qualifying affordable housing contribution; requiring annual taxpayer +application to the commissioner of the housing finance agency for allocation of the tax +credits and HFA commissioner notice to the commissioner of revenue relating +to the identity of the taxpayer; limiting the credit and the total credit +allocation and authorizing carryforward; requiring an HFA commissioner report to+ the legislature by a certain date on the effectiveness of the credit, +specifying certain report content requirements (ra)