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 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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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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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;

  • 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 means supply, installation, testing and commissioning, integration of computer hardware and services with support under Warranty and annual maintenance contract, if required for the contract period.

  • Condominium Project Real estate including the separate ownership in fee, or on a satisfactory leasehold estate, of a particular residential unit with an indivisible interest in the real estate designated for common ownership strictly by unit owners.

  • 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.

  • Redevelopment project means a specific construction project

  • Public project means any of the following:

  • Major project means a project comprising of a series of works, activities or services which is intended, in itself, to accomplish a definite and indivisible task of a precise economic or technical nature, which has clearly identified goals and whose total cost exceeds that which is specified in the Framework Agreement;

  • Redevelopment Project Area means an area designated by the municipality, which is not less in the aggregate than 1 1/2 acres and in respect to which the municipality has made a finding that there exist conditions which cause the area to be classified as an industrial park conservation area or a blighted area or a conservation area, or a combination of both blighted areas and conservation areas.

  • Expansion Project has the meaning set forth in Section IV.3.a of this Agreement.

  • Development Project means a project for the development of land within a project area.

  • Pilot project means an innovative environmental project that covers one or more designated facilities, designed and implemented in the form of an EMSA. (See Section 52.3 of the Act.)

  • Infrastructure project means any activity related to the construction, alteration, maintenance, or repair of infrastructure in the United States regardless of whether infrastructure is the primary purpose of the project. See also paragraphs (c) and (d) of 2 C.F.R. 184.4.

  • 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;

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

  • Mixed-use project means a project comprising both a qualified

  • Project Land means any parcel or parcels of land on which the project is developed and constructed by a promoter;

  • Project Facility means facility being one or more of the following facilities as specified in the Special Conditions of Contract, being developed in accordance with the Project and the Detailed Project Implementation Report and includes all its buildings, equipment, facilities, software and systems and includes without limitation, where the circumstances so require, any expansion thereof from time to time and may include any new location to be separately mentioned in the Special Conditions of Contract.

  • 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;

  • Economic development project means land and existing or planned improvements suitable for use by an industrial or commercial enterprise, or housing development, or the protection of the environment, including, but not limited to, groundwater or surface water. Economic development project includes necessary buildings, improvements, or structures suitable for and intended for or incidental to use as an industrial or commercial enterprise or housing development; and includes industrial park or industrial site improvements and port improvements or housing development incidental to an industrial or commercial enterprise; and includes the machinery, furnishings, and equipment necessary, suitable, intended for, or incidental to a commercial, industrial, or residential use in connection with the buildings or structures.

  • Project Property means the real property on or for which preconstruction service or construction work is or will be provided.

  • 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.