Housing Credit definition

Housing Credit means the tax credit issued in exchange for the development of rental housing pursuant to the following:

Housing Credit means the tax credit issued in exchange for the development of rental housing pursuant to Section 42 of the IRC and the provisions of Rule Chapter 67-48, F.A.C.

Housing Credit means the tax credit issued in exchange for the development of rental housing

Examples of Housing Credit in a sentence

• In the event the first mortgage lender or a Housing Credit Syndicator requires replacement reserves with replacement reserve deposit requirements that include the same or higher deposits, the Corporation’s rights to hold replacement reserves and to disburse such funds shall be subject to the first mortgage lender or the Housing Credit Syndicator, as applicable.

• Appraisals which have been ordered and submitted by third party credit enhancers, first mortgagors or Housing Credit Syndicators and which meet the above requirements and are acceptable to the Credit Underwriter may be used instead of the appraisal referenced above.

• The owner of the Housing Credit Development shall not give preference to any particular class or group in renting the dwelling units in the Housing Credit Development, except to the extent that dwelling units are required to be rented to Eligible Persons.

• Such a benefit could be cited by UNP, as the CHESP participation gave the institution and its repre- sentatives visibility and opportunities that might otherwise not have been as readily available.

• The owner of a Housing Credit Development shall notify the Corporation in writing of an impending sale and of compliance with any requirements by the Treasury for the transfer of the Housing Credit Development.

More Definitions of Housing Credit

Housing Credit means Low Income Housing Tax Credit ("LIHTC"). It is a Federal allocation to States of tax credits that are tied to a per capita amount set by Congress. The LIHTC program is governed by the IRS per Section 42 of the IRC.

Housing Credit means the tax credit issued in exchange for the development of rental housing pursuant to (i) Section 42 of the IRC, (ii) the provisions of this rule chapter regarding Non-Competitive Housing Credits, and (iii) the provisions of Rule Chapter 67-48, F.A.C., regarding Competitive Housing Credits.

Housing Credit means the Low Income Housing Tax Credit, a program that provides federal income tax credits to Owners of qualified housing, as outlined by Section 42 of the Code.

Housing Credit means the tax credit issued in exchange for the development of rental housing pursuant to Section 42 of

Housing Credit means a credit in Colones made, or proposed to be made, by a Housing Intermediary to a Housing Beneficiary (as hereinafter defined) for a Housing Subproject financed, or to be financed from the proceeds of the Loan;

Housing Credit means the tax credit for low-income rental housing provided under Section 42 of the federal Internal Revenue Code (26 U.S.C. Sec. 42).

Housing Credit means the tax credit issued in exchange for the