Form 8609 Clause Samples
The Form 8609 clause outlines the requirement for the owner to obtain and submit IRS Form 8609, which is necessary for claiming Low-Income Housing Tax Credits (LIHTC). This clause typically specifies the party responsible for preparing and filing the form, as well as any deadlines or documentation needed to complete the process. By clearly assigning responsibility and setting expectations, the clause ensures compliance with tax credit regulations and helps prevent delays or disputes related to the allocation of tax credits.
Form 8609. OHFA will not provide an IRS Form 8609 to any person or entity other than the person or entity who owns the Development receiving such Allocation at the time each Building is Placed-In-Service. OHFA will not issue an IRS Form 8609 unless and until ▇▇▇▇ has received the executed and recorded original of this Regulatory Agreement, received all Final paperwork as outlined in the QAP and all requirements are met satisfactorily.