Common use of Tax Credit Equity Clause in Contracts

Tax Credit Equity. Equity from the Tax Credit Equity Investor (the "Tax Credit Equity") consisting of approximately $9,042,829 in 4% Low Income Tax Credit Equity to be provided by the Tax Credit Equity Investor, derived from Low Income Housing Tax Credits, which shall include approximately $1,356,424 to be disbursed during the construction period and the balance to be disbursed following Completion.

Appears in 1 contract

Samples: Owner Participation Agreement

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Tax Credit Equity. Equity from the Tax Credit Equity Investor (the "Tax Credit Equity") consisting of approximately $9,042,829 in 4% Low Income Tax Credit Equity to be provided by the Tax Credit Equity Investorapproximate amount shown in the table in Section 2, above., derived from Low Income Housing Tax Credits, which shall include approximately $1,356,424 1,500,000 to be disbursed during the construction period and the balance to be disbursed following Completion.;

Appears in 1 contract

Samples: Disposition and Development Agreement

Tax Credit Equity. Equity from the Tax Credit Equity Investor (the "Tax Credit Equity") consisting in the approximate amount of approximately $9,042,829 in 4% Low Income Tax Credit Equity to be provided by the Tax Credit Equity Investor24,914,900, derived from Low Income Housing Tax Credits, which shall include approximately $1,356,424 3,737,200 to be disbursed during the construction period and the balance to be disbursed following Completion.;

Appears in 1 contract

Samples: Disposition and Development Agreement

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Tax Credit Equity. Equity from the Tax Credit Equity Investor (the "Tax Credit Equity") consisting of approximately the following: Approximately $9,042,829 16,424,000 in 4% Low Income Tax Credit Equity and $25,420,000 in 9% Low Income Tax Credit Equity, to be provided by the Tax Credit Equity Investor, derived from Low Income Housing Tax Credits, which shall include approximately $1,356,424 6,500,000 to be disbursed during the construction period and the balance to be disbursed following Completion.;

Appears in 1 contract

Samples: Disposition and Development Agreement

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