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https://www.novoco.com/periodicals/articles/first-year-compliance-issues-back-basics-part-ii
Jun 06, 2018 · This example assumes that the target applicable fraction of 100 percent was met by the end of the first year. If the target applicable fraction of 100 percent was not met in the first year, then the owner is subject to the credits being delivered over the 15-year compliance period instead of …
http://lightengalegroup.com/tax-credit-delivery-basis-adjustors-in-lihtc-projects/
Nov 23, 2015 · Are you curious about tax credit delivery basis adjustors in LIHTC projects? When a Sponsor delivers less basis there may be a downward adjuster in the number of LIHTCs delivered. This causes a reduction in the amount of equity for the project. What is LIHTC basis?Phone: (312) 920-1500
https://spectrumlihtc.com/tag/resyndication/
The term “Resyndication” is used to describe an existing LIHTC project that receives a subsequent allocation of credits. This can only happen after the property completes the initial 15 year compliance period. In other words, the owner cannot receive an allocation of credit in year 2008 and again in 2014. RESYNDICATION INCOME AND RENT LIMITS
https://spectrumlihtc.com/file-maintenance/acquisition-rehab-the-missing-manual/
The gross rent floor rule allows the owner to charge rents based on the limits in effect at the time the owner received the initial allocation of credit from the state agency. You could have a scenario where the credit allocation was August 2012 and the acquisition date was March 2013.
https://tidwellgroup.com/how-to-support-timely-delivery-of-first-year-credits/
Nov 08, 2019 · Timely delivery of first-year credits benefits developers, syndicators and investors in a Low Income Housing Tax Credit (LIHTC) development. The project itself also benefits because additional equity may be contributed, which means additional funds are available to …
http://lightengalegroup.com/lihtc-delivery-guarantee-first-year-of-credits-ongoing-years/
Dec 01, 2015 · LIHTC Delivery: First Year of Credits. For a LIHTC project, medicine LIHTCs are earned for the project in its first year based on the following formula (assuming all LIHTC units have achieved qualified occupancy by the end of the year): Each month a …Phone: (312) 920-1500
https://www.huduser.gov/portal/datasets/lihtc.html
The Low-Income Housing Tax Credit (LIHTC) is the most important resource for creating affordable housing in the United States today. The LIHTC database, created by HUD and available to the public since 1997, contains information on 47,511 projects and 3.13 million housing units placed in service between 1987 and 2017.
https://www.sherbertgroup.com/maximizing-first-year-low-income-housing-credits/
Jan 10, 2018 · The Low-Income Housing Tax Credit (LIHTC) is a 15 year credit, which is typically recognized over a 10-11 year period. For the first year of the credit period, there is rarely a full year allocation of LIHTC. Internal Revenue Code (IRC) Section 42(f)(2) discusses the special rules for the 1 st year of the credit period. As part of these rules ...
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