LIHTC Project definition

LIHTC Project means a qualified low-income housing project as defined in and governed by Section 42(g) of the Code.
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LIHTC Project means a project participating in NJHMFA’s Low Income Housing Tax Credit Program.
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LIHTC Project means a Project to which MaineHousing has allocated low-income housing tax credits pursuant to Section 42.
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Examples of LIHTC Project in a sentence

  • If MFA determines, either through information provided by an Applicant or through MFA’s investigation, that any federally subsidized housing or LIHTC Project in which Applicant, or any Principal or affiliate of Applicant has an interest is in default of any material compliance matter, MFA may reject the Application.

  • A new developer shall complete at least one (1) LIHTC Project in which all LIHTC units have been leased and has received an IRS Form 8609, in Louisiana or any other state, before being allowed to submit a subsequent application.

  • Prepared by: LIHTC Project# ----------------------------------------------------------------------------- Gross Annual Unit Tenant Move-In No. Of Inc.

  • If a project is a previous LIHTC Project with an existing LURA, Applicant shall not elect scoring points for this category if it would be less restrictive than the existing LURA.

  • These Units shall be in addition to any Units selected for the forty percent (40%) AMI or less.• 1 point for each full one percent (1%) of the total Project Units — 5 points maximumElected AMI percentages shall be maintained throughout the Compliance Period and the Extended Use Period.If a project is a previous LIHTC Project with an existing LURA, Applicant shall not elect scoring points for this category if it would be less restrictive than the existing LURA.

  • Subject to the exceptions contained herein, no 9% LIHTC Project shall receive a tax credit Reservation in excess of$1,622,805.

  • Additionally, in no case shall the developer’s fee for a 9% or 4% LIHTC Project exceed 14% of Total Development Cost.

  • Under IRS rules, LIHTC Project Owners may not discriminate in selecting applicants and must accept applications from persons with Section 8 certificates or vouchers.

  • MaineHousing may inspect a LIHTC Project or any Credit Unit after reasonable prior written notice.

  • Subject to the exceptions contained herein, no 9% LIHTC Project shall receive a tax credit Reservation in excess of$1,380,213.


More Definitions of LIHTC Project

LIHTC Project means a project participating in the Low Income Housing Tax Credit Program. "Low rise" means a building having one to four residential floors or stories.
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LIHTC Project means a residential or mixed-use development containing 24 Low Income Units.
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LIHTC Project means a residential or mixed-use development containing Low Income Units.
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Related to LIHTC Project

  • Sub-project means a specific development project to be carried out by a Beneficiary utilizing the proceeds of a Sub-loan;

  • Project means the goods or Services described in the Signature Document or a Work Order of this Contract.

  • The Project Site, where applicable, means the place or places named in the SCC.

  • Large project means, for purposes of the Soft Cost Ratio limitation in Section 3.F, a Project with more than 24 Housing Credit units.

  • Construction project means the same as that term is defined in Section 38-1a-102.

  • Ongoing Project means a multi-year project undertaken by a Company in fulfilment of its CSR obligation having timelines not exceeding three years excluding the financial year in which it was commenced, and shall include such project that was initially not approved as a multi-year project but whose duration has been extended beyond one year by the board based on reasonable justification;

  • Projects means the projects identified in Exhibit A to the Agreement and all other projects, any costs of which are included in a Transitional Capital Plan pursuant to the Act or are Recovery Costs, and financed, by payment or reimbursement, with the proceeds of Bonds or Notes.