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.

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

• EXHIBIT D BUILDING DESIGNATION & ADDRESS; UNIT & INCOME DESIGNATION; APPLICABLE FRACTION Each Building Designation & Address (Include BIN Number from Carryover Documentation) # of Total Units # of LIHTC Units # of Market Units # of Mgr.

• These restrictions shall apply until the latest of the period during which the Mortgage Loan is outstanding or the compliance period required by the LIHTC regulatory agreement or fifty (50) years after closing of the Mortgage Loan.

• Units # of Units Based Upon % Income Restriction *30% **50% 60% Applicable Fraction % Each Building Designation & Address (Include BIN Number from Carryover Documentation) # of Total Units # of LIHTC Units # of Market Units # of Mgr.

• The Owner agrees to pay the Authority a nonrefundable reservation/commitment fee equal to the greater of 2% of the annual LIHTC amount received or $500.

• Units # of Units Based Upon % Income Restriction *30% 50% 60% Applicable Fraction % Each Building Designation & Address (Include BIN Number from Carryover Documentation) # of Total Units # of LIHTC Units # of Market Units # of Mgr.

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 refers to federal low income housing tax credits under Section 42 of the Internal Revenue Code.

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.

LIHTC or “Tax Credit” means a tax credit awarded under the Low Income Tax Credit