Housing tax credit definition

Housing tax credit means a tax credit allocated under the low income housing tax credit program.
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Housing tax credit means the low-income housing tax credit allowed for low- income housing projects pursuant to Section 42 of the Code.
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Housing tax credit means a tax credit
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Examples of Housing tax credit in a sentence

  • Housing tax credit developments must comply with the requirements of this Plan and the Program throughout the agreed upon use period.

  • Housing tax credit applicants carry the cost amount over to the appropriate eligible basis category.

  • Housing tax credit properties are subject to Title VIII of the Civil Rights Act of 1968, also known as the Fair Housing Act.

  • Current Minnesota Housing tax credit project comparables will continue to be the driving factor in approving project costs.

  • It is larger than mCF (v = 1/2)≈ 0.64 me from magnetotransport measurement of 2DES around v = 1/2 [28].

  • Owners who are contemplating requesting the presentation of a qualified contract should contact the Minnesota Housing tax credit compliance coordinator.

  • Preservation of Existing Housing Tax Credit Units – 10 Points These points are available only to existing Minnesota Housing tax credit projects applying for tax credits from Minnesota Housing’s competitive allocation process (consolidated RFP) and qualified tax exempt projects applying for a preliminary determination letter from Minnesota Housing as the credit allocator.

  • Housing tax credit properties with 100% low income units that (a) are not participating in other programs requiring annual recertification of income (i.e., Rural Housing, Section 8), (b) have been placed in service, (c) have completed one year of annual compliance monitoring reports, (d) are in good standing with MHFA and (e) have no outstanding compliance violations, are eligible to apply for this waiver.

  • Enter in Column C, any amount applied to taxes other than the corporation business tax.Line 6 - Enter in Column A, any available credit carryforward balance from 2000 for the Employer- Assisted Housing tax credit.

  • In this connection, the Court notes that the present system of tax surcharges has replaced earlier purely criminal procedures.

Related to Housing tax credit

  • working tax credit means a working tax credit under section 10 of the Tax Credits Act 2002;

  • child tax credit means a child tax credit under section 8 of the Tax Credits Act 2002;

  • Tax Credit means a credit against, relief or remission for, or repayment of any Tax.

  • Qualifying tax rate means the applicable tax rate for the taxable year for the which the taxpayer paid income tax to a municipal corporation with respect to any portion of the total amount of compensation the payment of which is deferred pursuant to a nonqualified deferred compensation plan. If different tax rates applied for different taxable years, then the “qualifying tax rate” is a weighted average of those different tax rates. The weighted average shall be based upon the tax paid to the municipal corporation each year with respect to the nonqualified deferred compensation plan.

  • Post-Closing Taxes means Taxes of the Company for any Post-Closing Tax Period.

  • Input Tax Credit means the credit of input tax;

  • Post-Closing Tax Period means any taxable period beginning after the Closing Date and the portion of any Straddle Period beginning after the Closing Date.

  • Housing Act means the United States Housing Act of 1937, as amended, or its successor.

  • Housing Provider means, with respect to a HOME Development, Local Government, consortia approved by HUD under 24 CFR Part 92, for-profit and Non-Profit Developers, and qualified CHDOs, with demonstrated capacity to construct or rehabilitate affordable housing.

  • Housing Unit means a single-family dwelling (where construction has commenced), whether detached or attached (including condominiums but excluding mobile homes), including the parcel of land on which such dwelling is located, that is or will be available for sale by the Borrower or a Guarantor. The construction of a Housing Unit shall be deemed to have commenced upon commencement of the trenching for the foundation of the Housing Unit. Each “Housing Unit” is either a Presold Unit, a Spec Unit or a Model Unit.

  • Housing project means a project, or distinct portion of a

  • Fair Housing Act means the Fair Housing Act, as amended.

  • Affordable Housing Unit means a rental unit in an affordable housing building that rents for an amount that is affordable to households at or below 60 percent of area median income, as median income was most recently determined by the United States Department of Housing and Urban Development for the Minneapolis- St. Paul- Bloomington, Minnesota-Wisconsin Metropolitan Statistical Area, as adjusted for household size and number of bedrooms.

  • Housing accommodation or "Dwelling" means any building, mobile home or trailer, structure, or portion thereof which is occupied as, or designed, or intended for occupancy, as, a residence by one or more families, and any vacant land which is offered to sale or lease for the construction or location thereon of any such building, mobile home or trailer, structure, or portion thereof or any real property, as defined herein, used or intended to be used for any of the purposes set forth in this subsection.

  • Housing development as used in this section, means a development project for five or more residential units, including mixed-use developments. For the purposes of this section, “housing development” also includes a subdivision or common interest development, as defined in Section 4100 of the Civil Code, approved by a city, county, or city and county and consists of residential units or unimproved residential lots and either a project to substantially rehabilitate and convert an existing commercial building to residential use or the substantial rehabilitation of an existing multifamily dwelling, as defined in subdivision (d) of Section 65863.4, where the result of the rehabilitation would be a net increase in available residential units. For the purpose of calculating a density bonus, the residential units shall be on contiguous sites that are the subject of one development application, but do not have to be based upon individual subdivision maps or parcels. The density bonus shall be permitted in geographic areas of the housing development other than the areas where the units for the lower income households are located.

  • Qualifying Facility means an electric energy generating facility that complies with the qualifying facility definition established by PURPA and any FERC rules as amended from time to time (18 Code of Federal Regulations Part 292, Section 292.203 et seq.) implementing PURPA and, to the extent required to obtain or maintain Qualifying Facility status, is self-certified as a Qualifying Facility or is certified as a Qualified Facility by the FERC.

  • Affordable housing development means a development included in the Housing Element and Fair Share Plan, and includes, but is not limited to, an inclusionary development, a municipal construction project or a 100 percent affordable development.

  • Pre-Closing Tax Return has the meaning set forth in Section 7.1(a).

  • Affordable Housing Units – means the Affordable Housing to be provided as part of the development in accordance with the application and/or any subsequent reserved matters approval.

  • National Housing Act means the National Housing Act (Canada), a federal law that promotes the construction of new houses and the repair and modernization of existing houses. CMHC provides mortgage default insurance under this law.

  • Housing means residential housing including dwellings and other forms of residential accommodation;

  • Affordable housing project means, for purposes of this part, title fourteen of article twenty seven of the environmental conservation law and section twenty-one of the tax law only, a project that is developed for residential use or mixed residential use that must include affordable residential rental units and/or affordable home ownership units.

  • Residential facility means a home or facility that is licensed by the department of developmental disabilities under section 5123.19 of the Revised Code and in which a child with a developmental disability resides.

  • Supportive housing means housing with no limit on length of stay, that is occupied by the target population, and that is linked to an onsite or offsite service that assists the supportive housing resident in retaining the housing, improving his or her health status, and maximizing his or her ability to live and, when possible, work in the community.

  • Pre-Closing Tax Period means any Tax period ending on or before the Closing Date.

  • Production Tax Credit or “PTC” means the tax credit for electricity produced from certain renewable generation resources described in Section 45 of the Internal Revenue Code of 1986, as it may be amended or supplemented from time to time.