LIHTC definition

LIHTC means the low-income housing tax credit established by TRA 1986 and which is provided for in Section 42 of the Code, as amended, or any successor thereto.

LIHTC or “Tax Credit” means the Low-Income Housing Tax Credits issued under I.R.C. § 42.

Examples of LIHTC in a sentence

Increasing the fee to increase the LIHTC eligible basis is not a valid justification for a waiver.
This fee shall be submitted with the LIHTC Annual Report for each year of the compliance/extended-use period.
Also note whether the affordability is guaranteed through funding restrictions (i.e. LIHTC, 4d) or is unsubsidized, if housing choice vouchers are/will be accepted, and if there is a fair housing marketing plan required or in place.
The compliance overview held at any LIHTC Application workshop is not sufficient to meet Compliance Training requirements.
CDA may take against a project owner any action permitted under any agreement or provision of law that it deems necessary or expedient for failure to perform any such covenant or condition, including limiting or prohibiting participation by a project owner or any of its principals in the Maryland LIHTC Program.

LIHTC or “Tax Credit” means a tax credit awarded under the Low Income Tax Credit program of IRC Section 42.

LIHTC means the Low-Income Housing Tax Credit program, a program of the Internal Revenue Service that provides federal income Tax Credits to Owners of qualifying residential rental Projects.

LIHTC or “Tax Credit” means the Low‐Income Housing Tax Credit program under I.R.C. § 42.

LIHTC or “Tax Credit” means the Low‐Income Housing Tax Credits issued under I.R.C. § 42.

LIHTC means the federal low-income housing tax credits as provided in § 42 of the IRC, as amended.