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.

  • A new Developer shall complete at least one LIHTC Project in which all LIHTC Units have been leased at least once and has received an IRS Form 8609, in Iowa or any other state, before being allowed to submit a subsequent Application.

  • Credit Period – with respect to any building that is included in the LIHTC Project, the period of 10 years beginning with 1) the taxable year in which the building is Placed In Service or 2) at the election of the Project Owner, the succeeding taxable year.

  • 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.

  • A new Applicant shall complete at least one LIHTC Project in which all LIHTC Units have been leased at least once and has received an IRS Form 8609, in Iowa or any other state, before being allowed to submit a subsequent Application.

  • All told, persons who died in 2007 and met the estate-tax filing threshold left over $229 billion in total gross estate.

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

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

  • The annual certification may be a self- certification, except that third-party documentation verifying the income of the household is required every 6 years from the date the LIHTC Project is Placed in Service and otherwise upon request by MaineHousing.


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 Low Income Units.
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LIHTC Project means a residential or mixed-use development containing 24 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; and

  • Solar PV Project means the solar Photo Voltaic Power project that uses sunlight for direct conversion into electricity through Photo Voltaic technology.

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

  • New Project means (a) each facility which is either a new facility, branch or office or an expansion, relocation, remodeling or substantial modernization of an existing facility, branch or office owned by the Borrower or its Subsidiaries which in fact commences operations and (b) each creation (in one or a series of related transactions) of a business unit to the extent such business unit commences operations or each expansion (in one or a series of related transactions) of business into a new market.

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

  • Redevelopment project means any work or undertaking

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

  • Existing Project is a Project that has achieved Commercial Operation on or prior to the Execution Date.

  • Power Project or “Project” shall mean the Solar power generation facility of Contracted Capacity of ………..[Insert capacity] MW, located at [Insert name of the place] in …. [Insert name of the District and State] having a separate control system, metering and separate points of injection into the grid at Delivery/Interconnection/Metering point at ISTS substation or in case of sharing of transmission lines, by separate injection at pooling point. This includes all units and auxiliaries such as water supply, treatment or storage facilities; bay/s for transmission system in the switchyard, dedicated transmission line up to the Delivery Point and all the other assets, buildings/structures, equipment, plant and machinery, facilities and related assets required for the efficient and economic operation of the power generation facility; whether completed or at any stage of development and construction or intended to be developed and constructed for the purpose of supply of power as per this Agreement;

  • 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.