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.
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Housing Credit Allocation means the amount of Housing Credits determined by the Corporation as
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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
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Examples of Housing Credit Allocation 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).

  • The original recorded document must be submitted to Idaho Housing and Finance Association (“IHFA”) prior to issuance of a Low-Income Housing Credit Allocation Certification (IRS Form 8609).

  • A copy of the recorded document must be submitted to MFA prior to issuance of a Low Income Housing Credit Allocation Certification (IRS Form 8609).

  • 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 credit underwriting review shall include a comprehensive analysis of the Applicant, the real estate, the economics of the Development, the ability of the Applicant and the Development team to proceed, the evidence of need for affordable housing in order to determine that the Development meets the program requirements and determine a recommended SAIL or HOME loan amount, Housing Credit allocation amount or a combined SAIL loan amount and Housing Credit Allocation amount, if any.

  • The Credit Underwriter shall consider the market study, the Development’s financial impact on Developments in the area previously funded by the Corporation, and other documentation when making its recommendation of whether to approve or disapprove a SAIL or HOME loan, a Housing Credit Allocation, or a combined SAIL loan and Housing Credit Allocation.

  • Because allocations were made for the building in two separate calendar years, Agency must issue two Forms 8609, “Low-Income Housing Credit Allocation Certification,” to X.

  • An owner of a Housing Credit Development, its successor or assigns which has been granted a Final Housing Credit Allocation shall not sell the Housing Credit Development without having first notified the Treasury of the impending sale and complying with the Treasury’s procedure or procedures for completing the transfer of ownership and utilizing the Housing Credit Allocation.


More Definitions of Housing Credit Allocation

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