Other Community Housing Services Forms for Franklin
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FAQ
Section 42(a) provides for a credit for investment in certain low-income housing buildings. The amount of the low-income housing credit for any taxable year in the credit period is an amount equal to the applicable percentage of the qualified basis of each qualified low-income building (as defined in § 42(c)(2)).
Public Housing and Housing Choice Vouchers (Section 8) To apply for either type of help, visit your local Public Housing Agency (PHA). Some PHAs have long waiting lists, so you may want to apply at more than one PHA. Your PHA can also give you a list of locations at which your voucher can be used.
You may also hear the program referred to as either the low-income housing tax credit program or the rental housing tax credit program. This is because Section 42 is an affordable housing program established by the federal tax code that allows developers of affordable housing to receive a federal tax credit.
There are waiting lists for subsidized housing across Ontario. In some areas, the waiting list is 7 to 10 years. In other places the wait is shorter. Generally, people who have been on the waiting list longer will be offered housing first.
You need to mail a letter to us at Jefferson Franklin Community Action Corporation, P.O. Box 920, Hillsboro, MO 63050, giving your name, social security number, current address and telephone number. Be sure to sign the letter. This can also be faxed to us at (636) 789-3548, Attention: Housing.
The Section 42 low-income housing tax credit program, also called the rental housing tax credit program, is a federal program governed by the Internal Revenue Service (IRS). The purpose of the program is to provide a tax credit to property owners/developers to create affordable rental housing.