Housing Credit definition

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

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”). It is a Federal allocation to States of tax credits that are tied to a per capita amount set by Congress. The LIHTC program is governed by the IRS per Section 42 of the IRC.

Examples of Housing Credit in a sentence

• As used in this section, a Housing Credit development that contains multiple buildings is a single development regardless of the number of buildings within the development for which an IRS Form 8609 has been issued.

• Additionally, DCA will compare proposed project costs to other Applications submitted in the funding round, to certified cost data on existing Housing Credit developments in the State portfolio, as well as to the actual costs of other non-luxury multifamily housing located in the same geographic areas.

• The Compliance during the Additional Use Period (“AU Compliance Policy”) will concentrate on enforcing the requirements of the LIHTC program through the term of the Declaration of Restrictive Covenants for Low Income Housing Credit recorded on the property.

• The administrative fee shall be 5.5 percent of the stated annual Housing Credit Allocation for Non-Profit Applicants.

• Compliance Period – The period of 15 taxable years, commencing on the first day of the taxable year in which any building that is part of the Housing Credit Development is placed in service or, if deferred by election of the Owner of the Housing Credit Development, the first day of the next calendar year, but only if the building is a qualified low–income building as of the close of the first year of such period.

More Definitions of Housing Credit

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

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 (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 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;

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 the tax credit issued in exchange for the development of rental housing pursuant to Section 42 of