Housing Credit Allocation definition

Housing Credit Allocation means the amount of Housing Credits determined by the Corporation as necessary to make a Development financially feasible and viable throughout the Development’s Compliance Period pursuant to Section 42(m)(2)(A) of the IRC.
Sample 1Sample 2Sample 3
Housing Credit Allocation means the amount of Housing Credits determined by the Corporation as
Sample 1Sample 2Sample 3
Housing Credit Allocation means the amount of Housing Credits determined by the Corporation as necessary to make a Development financially feasible and viable throughout the Development’s
Sample 1

Examples of Housing Credit Allocation in a sentence

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

  • In the event the Final Housing Credit Allocation amount exceeds the annual Housing Credit Allocation amount stated in the Preliminary Determination, the Applicant is responsible for paying the applicable administrative fee on the excess amount before IRS Forms 8609 are issued for the Development.

  • With respect to the HC Program, each for-profit Applicant shall submit to the Corporation a non- refundable administrative fee in the amount of 9 percent of the annual Housing Credit Allocation amount stated in the Preliminary Determination.

  • The Eligible Housing Credit Request Amount will be the amount of Housing Credit Allocation the Applicant will tentatively be awarded should the Application be selected for funding.

  • To determine eligibility for the preference, the Corporation will calculate the Application’s Florida Job Creation score, which will reflect the number of Florida jobs per $1 million of Housing Credit Allocation.

  • 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).

  • The administrative fee shall be 5 percent of the stated annual Housing Credit Allocation for Non-Profit Applicants.

  • Any Person or Affiliate of a Person who files a Pre-Application or an Application with the Department requesting a Housing Credit Allocation.

  • The Alabama Housing Finance Authority (AHFA) has developed and implemented this Housing Credit Allocation Plan for the State of Alabama in compliance with the rules set forth in Section42.

  • An infeasible Development will not be recommended for a Grant, Direct Loan or Housing Credit Allocation unless the Underwriter can determine an alternative structure and/or conditions the recommendations of the Report upon receipt of documentation supporting an alternative structure.


More Definitions of Housing Credit Allocation

Housing Credit Allocation means the amount of Housing Credits
Sample 1
Housing Credit Allocation means the amount of Housing Credits determined by the Corporation as necessary to make a
Sample 1