LIHTC Program definition

LIHTC Program means the Low Income Housing Tax Credit program administered by the Authority under Section 42 of the Internal Revenue Code of 1986, as amended.
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LIHTC Program means the Credit Program. "LIHTC Program" may be used interchangeably with the term "Credit Program" or "OAHTC Program".
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LIHTC Program means the Low Income Housing Tax Credit Program authorized under Title I of the U.S. Housing Act of 1937, as amended, 42 U.S.C. 1437 et seq.
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Examples of LIHTC Program in a sentence

  • 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.

  • CDA is responsible for administering the Maryland LIHTC Program under §42 of the Internal Revenue Code, the Housing and Community Development Article, §4-101 – 4-255 of the Annotated Code of Maryland (the Act), and the Code of Maryland Regulations (COMAR) Title 05, Subtitle 05, Chapter 06.

  • CDA strongly recommends that applicants for LIHTC consult their tax advisor, legal counsel, accountant, or financial advisor for further details concerning the Maryland LIHTC Program.

  • The Internal Revenue Code permits a project owner to opt out of the program restrictions after the initial fifteen (15) year compliance period under certain circumstances provided the Maryland LIHTC Program does not provide more restrictive standards.

  • The Guide includes information regarding CDA's criteria, requirements, and policies for administering the Maryland LIHTC Program.

  • CDA adopts the following requirements for evaluating compliance with §42 of the Internal Revenue Code and the Maryland LIHTC Program.

  • This Allocation Plan governs the administration of the Maryland LIHTC Program, including reservations, allocations, and compliance.

  • Thank you for your interest in the Low-Income Housing Tax Credit (LIHTC) Program.

  • Upon determination by the HHFDC of non-compliance with the LIHTC Program, the owner shall be notified and given forty-five (45) days to correct any discovered violations.

  • These requirements are intended to eliminate projects that do not meet basic Maryland LIHTC Program requirements and to ensure that LIHTC are reserved for projects that meet the Internal Revenue Code requirements and are both viable and ready to proceed.


More Definitions of LIHTC Program

LIHTC Program means the federal Low-Income Housing Tax Credit Program established by 26 U.S.C. § 42 and administered in California by the California Tax Credit Allocation Committee.
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LIHTC Program means the Low Income Housing Tax Credit (“LIHTC”) program requirements described by I.R.C. § 42 and other relevant provisions of the Internal Revenue Code, its implementing regulations, and relevant IRS guidance.
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LIHTC Program means the Low Income Housing Tax Credit program administered by the Authority under section 42 of the United States Internal Revenue Code of 1986, 26 USC §42.
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Related to LIHTC Program

  • Loan Program means the State Treasurer’s Interest-Free Loan Program for Colorado School Districts authorized pursuant to the Loan Program Statutes.

  • Marketing program means a program established by order of the director pursuant to this act prescribing rules and regulations governing the marketing for processing, distributing, selling, or handling an agricultural commodity produced in this state or agricultural commodity input during a specified period and

  • CRAF Program means the Civil Reserve Air Fleet Program authorized under 10 U.S.C. Section 9511 et seq. or any similar or substitute program under the laws of the United States.

  • AML Program has the meaning ascribed thereto in Schedule 2.1(F)(8) hereof.

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  • Development Program means the implementation of the development plan.

  • Pilot program means the pilot program identified and funded through the Funding Agreement and described in that Funding Agreement and its attachments.

  • E-Verify Program above means the employment verification program administered by the United States Department of Homeland Security, the Social Security Administration, or any successor program.

  • WOSB Program Repository means a secure, Web-based application that collects, stores, and disseminates documents to the contracting community and SBA, which verify the eligibility of a business concern for a contract to be awarded under the WOSB Program.

  • Prescription monitoring program “PMP,” or “program” means the program established pursuant to 657—Chapter 37 for the collection and maintenance of PMP information and for the provision of PMP information to authorized individuals.

  • Educational program means a program for educating and preparing physician assistants which is approved by the board.

  • Transitional living program means a residential program that may be attached to an existing facility or operated solely for the purpose of assisting children to develop the skills and abilities necessary for successful adult living. The program may include, but shall not be limited to, reduced staff supervision, vocational training, educational services, employment and employment training, and other appropriate independent living skills training as a part of the transitional living program;

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  • Commercialization Plan has the meaning set forth in Section 6.2.

  • Research-based means a program or practice that has some research demonstrating effectiveness, but that does not yet meet the standard of evidence-based practices.

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  • Training program means an NCA-approved Iowa college, the Iowa law enforcement academy or an Iowa hospital approved by the department to conduct emergency medical care training.

  • Competing Program has the meaning set forth in Section 8.5.

  • Virginia Stormwater Management Program or “VSMP” means a program approved by the State Board after September 13, 2011, that has been established by a locality to manage the quality and quantity of runoff resulting from land-disturbing activities and shall include such items as local ordinances, rules, permit requirements, annual standards and specifications, policies and guidelines, technical materials, and requirements for plan review, inspection, enforcement, where authorized in this article, and evaluation consistent with the requirements of this article and associated regulations.

  • Education program or activity means locations, events, or circumstances for which the school district exercises substantial control over both the respondent and the context in which the sexual harassment occurs and includes school district education programs or activities that occur on or off of school district property.

  • Program Plan means the tobacco settlement program plan dated February 14, 2001, including exhibits to the program plan, submitted by the authority to the legislative council and the executive council, to provide the state with a secure and stable source of funding for the purposes designated by section 12E.3A and other provisions of this chapter.

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