Preliminary Allocation definition

Preliminary Allocation means a non-binding reservation of Housing Credits issued to a Housing Credit Development which has demonstrated a need for Housing Credits and received a positive recommendation from the Credit Underwriter.

Preliminary Allocation has the meaning set forth in Section 2.11(a).

Preliminary Allocation means a non-binding reservation of Housing Credits issued by the Executive Director to a Housing Credit Development which has successfully completed the credit underwriting process and demonstrated a need for Housing Credits.

Examples of Preliminary Allocation in a sentence

• The administrative fee must be received by the Corporation as stated in the Preliminary Allocation.

• With respect to the HC Program, each for-profit Applicant shall submit to the Corporation a non- refundable administrative fee in the amount of 8 percent of the annual Housing Credit Allocation amount stated in the Preliminary Allocation.

• In the event the Final Housing Credit Allocation amount exceeds the annual Housing Credit Allocation amount stated in the Preliminary Allocation, the Applicant is responsible for paying the applicable administrative fee on the excess amount before IRS Forms 8609 are issued for the Development.

• With respect to the HC Program, each Applicant shall submit to the Corporation a non- refundable administrative fee in the amount of 5.5 percent of the annual Housing Credit Allocation amount stated in the Preliminary Allocation.

• With respect to the HC Program, each for-profit Applicant shall submit to the Corporation a non-refundable administrative fee in the amount of 9 percent of the annual Housing Credit Allocation amount stated in the Preliminary Allocation.

More Definitions of Preliminary Allocation

Preliminary Allocation means a non-binding reservation of HAP or HOME funds issued to a Development prior to the credit underwriting process.

Preliminary Allocation means a non-binding reservation of Housing Credits issued to a Housing

Preliminary Allocation shall have the meaning set forth in Section 3.6(a).

Preliminary Allocation. 8.5(c) “Prepayments” 4.3(a)

Preliminary Allocation has the meaning ascribed to such term in Section 1.10(b).

Preliminary Allocation shall have the meaning ascribed to such term in Section 2.04(a).

Preliminary Allocation has the meaning set forth in Section 2.4(b).