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.
LIHTC means low-income housing tax credits and federal tax incentives created through the Tax Reform Act of 1986 and allocated through IFA for affordable rental housing development.
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.
New construction and rehabilitation projects that are not federally subsidized are eligible for the 70% present value LIHTC.
More Definitions of LIHTC
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 Low Income Housing Tax Credits.
LIHTC means the federal low-income housing tax credits as provided in § 42 of the IRC, as amended.
LIHTC refers to federal low income housing tax credits under Section 42 of the Internal Revenue Code.