Housing Credit definition

Housing Credit means the tax credit issued in exchange for the development of rental housing pursuant to the following:

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Housing Credit means the tax credit issued in exchange for the development of rental housing pursuant to Section 42 of the IRC and the provisions of Rule Chapter 67-48, F.A.C.

Housing Credit means Low Income Housing Tax Credit (LIHTC) is Federal allocation to States of tax credits that are tied to a per capital amount set by Congress. Program is governed by the IRS per Section 42 of the IRC.

Examples of Housing Credit in a sentence

• The calculation of Excess Proceeds shall be made on the date that VHDA issues the Borrower’s United States Department of the Treasury Internal Revenue Service Low-Income Housing Credit Allocation and Certification (Form 8609).

• Recipient shall forward copies of all documentation (including but not limited to checks received) regarding the amount of such proceeds to DHCR’s Low- Income Housing Credit Program Manager within 30 days of Recipient’s receipt from or submission to the NYS Department of Taxation and Finance.

• The Building in which you live is a Low-Income Housing Credit Project which is subject to regulation by the New York State Division of Housing and Community Renewal (DHCR) and the United States Internal Revenue Service pursuant to U.S. Internal Revenue Code Section 42 (the "Statute"), and a Low- Income Housing Credit Regulatory Agreement between DHCR and the owner of the Project (the “Agreement”).

• The Recipient shall comply with the terms and provisions of the Statute, the Federal Regulations, the DHCR Regulations currently published at 9 NYCRR Part 2040, and the policies and procedures promulgated by the Federal government and DHCR regarding Low-Income Housing Credit projects and allocations.

• Notwithstanding anything to the contrary herein contained, in no event shall (x) the aggregate amount of completion guarantees with respect to Projects at any time exceed 15% of Total Value and (y) the aggregate amount of Low Income Housing Credit Program Guarantees at any time exceed $11 million.

More Definitions of Housing Credit

Housing Credit means the tax credit issued in exchange for the development of rental housing

Housing Credit means the tax credit issued in exchange for the development of rental housing pursuant to (i) Section 42 of the IRC, (ii) the provisions of this rule chapter regarding Non-Competitive Housing Credits, and (iii) the provisions of Rule Chapter 67-48, F.A.C., regarding Competitive Housing Credits.

Housing Credit means the Low Income Housing Tax Credit, a program that provides federal income tax credits to Owners of qualified housing, as outlined by Section 42 of the Code.

Housing Credit means the tax credit issued in exchange for the

Housing Credit means the tax credit issued in exchange for the development of rental housing pursuant to the following: (a) Section 42 of the IRC; (b) The provisions of this rule chapter regarding Competitive Housing Credits; and, (c) The provisions of rule Chapter 67-21, F.A.C., regarding Non-Competitive Housing Credits.

Housing Credit means the tax credit for low-income rental housing provided under Section 42 of the federal Internal Revenue Code (26 U.S.C. Sec. 42).

Housing Credit means a credit in Colones made, or proposed to be made, by a Housing Intermediary to a Housing Beneficiary (as hereinafter defined) for a Housing Subproject financed, or to be financed from the proceeds of the Loan;