Housing Credit Allocation definition

Housing Credit Allocation means the amount of Housing Credits determined by the Corporation as necessary to make a Development financially feasible and viable throughout the Development’s Compliance Period pursuant to Section 42(m)(2)(A) of the IRC.
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Housing Credit Allocation means the amount of Housing Credits determined by the Corporation as
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Housing Credit Allocation means the amount of Housing Credits determined by the Corporation as necessary to make a
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Examples of Housing Credit Allocation in a sentence

  • 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 actual percentage of the Applicant’s Housing Credit Allocation being sold must be equal to or less than the percentage of ownership interest held by the limited partner (inclusive of any special limited partner) or member.

  • The Final Housing Credit Allocation will not be issued until such time as all required items are received and processed by the Corporation.

  • When any Housing Credit Allocation is syndicated or sold directly to an investor, the Corporation will require that the net proceeds received on the sale of the Housing Credits be reflective of market rate pricing as depicted by the price per dollar of Housing Credit Allocation available to the Development.

  • During credit underwriting and at the time of Final Cost Certification, if it is determined that there are buildings located outside of the applicable SADDA ZCTA, the Corporation reserves the right to reduce the Housing Credit Allocation if the eligible basis for the building(s) located in the applicable SADDA ZCTA is not sufficient to support the request amount.

  • Proceeding with execution of a partnership agreement or operating agreement with a Housing Credit Syndicator that is not in good standing shall result in withdrawal of the Housing Credit Allocation.

  • The Corporation will base all calculations of the minimum net syndication/investor proceeds available to the Development on the assumption that a minimum of 99.99 percent of the Housing Credit Allocation is being sold to raise equity capital.

  • The date that is 30 Calendar Days before the end of the calendar year for which the Final Housing Credit Allocation is requested.

  • Housing Credit Allocation RecommendationSeltzer Management Group, Inc.

  • The market study must be completed by a disinterested third party and a copy of the completed market study must be on file with the Corporation prior to the Final Housing Credit Allocation.


More Definitions of Housing Credit Allocation

Housing Credit Allocation means the amount of Housing Credits
Sample 1
Housing Credit Allocation means the amount of Housing Credits determined by the Corporation as necessary to make a Development financially feasible and viable throughout the Development’s
Sample 1

Related to Housing Credit Allocation

  • Incremental Revolving Facility has the meaning assigned to such term in Section 2.22(a).

  • Existing Revolving Credit Facility means the $600,000,000 (subject to increase in accordance with its terms) revolving credit facility evidenced by that certain Amended and Restated Revolving Credit Agreement dated as of June 14, 2022 by and among the Borrower, the Parent, the lenders from time to time party thereto as “Lenders”, and JPMorgan Chase Bank, N.A., as Agent.

  • Additional Credit Extension Amendment means an amendment to this Agreement providing for any New Term Loans which shall be consistent with the applicable provisions of this Agreement relating to New Term Loans otherwise satisfactory to the Agent and the Borrower.

  • Revolving Credit Facility means, at any time, the aggregate amount of the Revolving Credit Lenders’ Revolving Credit Commitments at such time.

  • Revolving Credit Agreement means that certain Revolving Credit Agreement dated as of August 30, 2004 between the Company, certain of its Subsidiaries and the banks and financial institutions listed therein, as such agreement may be replaced, amended, supplemented or otherwise modified from time to time.

  • Existing Revolving Credit Agreement means that certain Revolving Credit Agreement, dated as of August 29, 2018, among the Borrower, the other borrowers party thereto, the lenders and letter of credit issuers from time to time party thereto and Xxxxx Fargo Bank, National Association, as administrative agent (as amended, restated, supplemented or otherwise modified from time to time).