Housing Credit Development definition

Housing Credit Development means the proposed or existing rental housing Development(s) for which Housing Credits have been applied or received.
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Housing Credit Development means the proposed or existing rental housing Development(s) for
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Housing Credit Development means the proposed or existing rental
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Examples of Housing Credit Development in a sentence

  • 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.

  • Under this election, at least 40% of the units in a Housing Credit Development are required to be both rent restricted and occupied by individuals whose incomes do not exceed the imputed income limitation designated by the Applicant.

  • Such experience is evidenced by successful construction, rehabilitation and placing in service of a recent Housing Credit Development, maintaining a good track record in the on–going operations of the Housing Credit Development, and providing the capacity to sustain the Housing Credit Development in the ever changing regulatory and rental market.

  • Each Competitive Housing Credit Development shall be required to complete and submit to the Corporation progress reports, pursuant to Rule 67-48.028, F.A.C., using Form Q/M Report, effective January 2007.

  • An Initial Application that proposes rehabilitation of a prior Housing Credit Development must elect the minimum set–aside elected in the Initial Application for the prior Housing Credit Development.

  • Owners shall maintain records for each qualified low income building in the Housing Credit Development for each year for the term of the LURC sufficient to meet the requirements of 26 C.F.R. Section 1.42–5(b).

  • Owners are responsible for complying or ensuring compliance of the Housing Credit Development with Section 42, relevant regulations, the LURC, and the applicable QAP throughout the term of the LURC.

  • Include all Housing Credit Development financing letters of intent from the construction lender, permanent lender, syndicator, and any other source of funds (e.g. grant, deferred developer fee, etc.).

  • The owner of a Housing Credit Development shall notify the Corporation in writing of an impending sale and of compliance with any requirements by the Treasury for the transfer of the Housing Credit Development.

  • The owner of a Housing Credit Development shall notify the Corporation in writing of the name and address of the party or parties to whom the Housing Credit Development was sold within 14 Calendar Days of the transfer of the Housing Credit Development.


More Definitions of Housing Credit Development

Housing Credit Development means the proposed or existing rental housing Development(s) for which Housing Credits
Sample 1

Related to Housing Credit Development

  • Affordable housing development means a development included in the Housing Element and Fair Share Plan, and includes, but is not limited to, an inclusionary development, a municipal construction project or a 100 percent affordable development.

  • Non-profit housing development means development of a building or structure intended for use as residential premises by,

  • MiFID II means Directive 2014/65/EU on markets in financial instruments and amending Directive 2002/92/EC and Directive 2011/61/EU,

  • New development means development resulting from the conversion of previously undeveloped land or agricultural land uses.

  • Housing project means a project, or distinct portion of a

  • Development means the division of a parcel of land into two or more parcels, the construction, reconstruction, conversion, structural alteration, relocation or enlarge- enlargement of any building or structure, any mining excavation or landfill, and any use or change in the use of any building or other structure, or land or extension of use of land, for which permission is required under the Municipal Land Use Law, N.J.S.A. 40:55D-1 et seq.

  • Housing Provider means, with respect to a HOME Development, Local Government, consortia approved by HUD under 24 CFR Part 92, for-profit and Non-Profit Developers, and qualified CHDOs, with demonstrated capacity to construct or rehabilitate affordable housing.