Tax Credit Allocation definition

Tax Credit Allocation means Tax Credits approved for a Project by MFA in an amount determined by MFA as necessary to make a Project financially feasible and viable throughout the Project’s Compliance Period pursuant to Section 42(m)(2)(A) of the Code.
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Tax Credit Allocation means the amount of a tax credit that a qualified investor is
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Tax Credit Allocation means together, the letters (or other form of notice) issued by the Credit Agency regarding the availability of a Low Income Housing Tax Credit for the Project which is attached hereto as Schedule K subject to the terms and provisions thereof.
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Examples of Tax Credit Allocation in a sentence

  • I authorize the California Tax Credit Allocation Committee to utilize this information to calculate the low-income housing tax credit.

  • The Chairperson of the California Tax Credit Allocation Committee.

  • The executive director of the California Tax Credit Allocation Committee.

  • The California Tax Credit Allocation Committee (“CTCAC”) or its successor.

  • For the Final Tax Credit Allocation, the Project must submit final Tax Credit Allocation materials to ADOH as required by I.R.C. § 42.

  • The California Tax Credit Allocation Committee shall certify to the housing sponsor the amount of tax credit under this section allocated to the housing sponsor for each credit period.

  • When actual Tax Credit proceeds are confirmed and final financial feasibility analysis is performed during review of Final Allocation Packages, there may be adjustments to the Tax Credit Allocation.

  • Only one additional Tax Credit Allocation will be permitted by MFA for any given Project.

  • Failure to notify MFA may result in the rejection of an Application or loss of a Reservation or Tax Credit Allocation.

  • I.R.C. § 42(m) describes the purposes and requirements for this Plan.There are two (2) methods for obtaining a Tax Credit Allocation pursuant to this Plan: 1) through a competitive application process; and 2) tax-exempt bond financing.Changes to the Plan Annual Plans.


More Definitions of Tax Credit Allocation

Tax Credit Allocation shall have the meaning attributed thereto in the Recitals, and it shall include such additional action and/or documentation which the Department may take and provide pursuant to Section 42(h)(1) of the Code and Treasury Regulations in order to make an “allocation” to buildings in the Development for purposes of the Code.
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Tax Credit Allocation means the allocation letter or final allocation of credits providing Tax Credits to the Development, together with such subsequent action and/or documentation which Florida Housing may take and provide pursuant to Section 42(h) of the Code and Treasury Regulations in order to make an “allocation” of Tax Credits to buildings in the Development for purposes of the Code.
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Tax Credit Allocation means the allocation of Tax Credits to the Development Owner with respect to the Development pursuant to the QAP, which allocation was exchanged by the Department for Exchange Program Funds. Code.
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Tax Credit Allocation means the amount of a tax credit that a qualified investor is eligible to claim.
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Tax Credit Allocation means the award of Tax Credit authority to the Owner with respect to the Project pursuant to the QAP or a previously effective Qualified Allocation Plan of CHFA, which allocation was exchanged, in whole or in part, by CHFA for TCEP Funds.
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Related to Tax Credit Allocation

  • Cost allocation plan means central service cost allocation plan, public assistance cost allocation plan, and indirect cost rate proposal. Each of these terms are further defined in this section.

  • Final Allocation has the meaning set forth in Section 2.3.

  • Initial Allocation means the conditional setting aside by MBOH of HCs from a particular year’s federal LIHTC allocation to the state for purposes of later Carryover Commitment and/or Final Allocation to a particular Project, as documented by and subject to the requirements and conditions set forth in a written Reservation Agreement, the Applicable QAP and federal law.

  • Agreed Allocation means any allocation, other than a Required Allocation, of an item of income, gain, loss or deduction pursuant to the provisions of Section 6.1, including a Curative Allocation (if appropriate to the context in which the term “Agreed Allocation” is used).