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  • Fm Lihtc Annual Rpt-owners Cert. Lihtc

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CT INFORMATION Project Name Federal Tax Credit Annual Allocation Site Contact State Tax Credit Annual Allocation Physical Address Original LIHTC Owner Has the property been sold since the issuance of the Tax Credit Yes* No Allocation: Phone * If yes, attach a copy of the bond posted with Treasury Department, as required. Fax CURRENT OWNER INFORMATION MONITORING INFORMATION Owner Name Management Company General Partner Agent Contact Mailing Address Address Phone E-Mail Phone E.

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Check if you qualify for CalEITC You're at least 18 years old or have a qualifying child. Have earned income of at least $1.00 and not more that $30,950. Have a valid Social Security Number or Individual Taxpayer Identification Number (ITIN) for you, your spouse, and any qualifying children.

Also called the “Available Unit Rule” or “Next Available Unit Rule,” the 140% Rule is triggered when a household's income goes over 140% of the current maximum income limit for the household size.

The low‑income housing credit provides funding for developers—those that rehabilitate existing housing or construct new projects—to construct low‑income housing in the State, and the state credit generally requires developers to use it in conjunction with a federal low‑income housing credit.

Will I Qualify for Affordable Housing? Household SizeExtremely-Low Income, Not to Exceed:Low Income, Not to Exceed: 1 person $33,150 $88,400 2 person $37,900 $101,000 3 person $42,650 $113,650 4 person $47,350 $126,2504 more rows

The $100,000 Basic Exemption increases to $150,000 of assessed value (Low-Income Exemption), as adjusted for the relevant assessment year, if the household income for prior year did not exceed $40,000, as adjusted for the relevant assessment year.

The program is administered by the Internal Revenue Service (IRS). The LIHTC program does not provide housing subsidies. Instead, the program provides tax incentives, written into the Internal Revenue Code, to encourage developers to create affordable housing.

SLIHC provides a dollar-for-dollar reduction in state taxes to investors in qualified low-income housing which meet the requirements of Article 2-A of the Public Housing Law. The SLIHC Credit allocation is not calendar year-specific.

The LIHTC program reduces the federal tax liability in exchange for the acquisition, rehabilitation, or construction of affordable rental housing units that will remain income and rent restricted over a long period (55 years for California).

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© Copyright 1997-2025
airSlate Legal Forms, Inc.
3720 Flowood Dr, Flowood, Mississippi 39232
Form Packages
Adoption
Bankruptcy
Contractors
Divorce
Home Sales
Employment
Identity Theft
Incorporation
Landlord Tenant
Living Trust
Name Change
Personal Planning
Small Business
Wills & Estates
Packages A-Z
Form Categories
Affidavits
Bankruptcy
Bill of Sale
Corporate - LLC
Divorce
Employment
Identity Theft
Internet Technology
Landlord Tenant
Living Wills
Name Change
Power of Attorney
Real Estate
Small Estates
Wills
All Forms
Forms A-Z
Form Library
Customer Service
Terms of Service
DMCA Policy
About Us
Blog
Affiliates
Contact Us
Privacy Notice
Delete My Account
Site Map
All Forms
Search all Forms
Industries
Forms in Spanish
Localized Forms
Legal Guides
Real Estate Handbook
All Guides
Prepared for You
Notarize
Incorporation services
Our Customers
For Consumers
For Small Business
For Attorneys
Our Sites
US Legal Forms
USLegal
FormsPass
pdfFiller
signNow
airSlate workflows
DocHub
Instapage
Social Media
Call us now toll free:
1-877-389-0141
As seen in:
  • USA Today logo picture
  • CBC News logo picture
  • LA Times logo picture
  • The Washington Post logo picture
  • AP logo picture
  • Forbes logo picture
© Copyright 1997-2025
airSlate Legal Forms, Inc.
3720 Flowood Dr, Flowood, Mississippi 39232