LIHC definition

LIHC. The low income housing credit provided by Section 42 of the Code.
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Examples of LIHC in a sentence

  • ACCEPTED BY NYS HCR The Agreement is satisfactory to fulfill the requirements of the HTFC Funding Commitment Letter Exhibit 11 and/or LIHC and/or SLIHC Regulatory Agreement Attachment A.

  • The owner will be documenting the status of this requirement as part of the LIHC Owner’s Annual Certification for the duration of the Project’s regulatory term.

  • If all Project units in a Project building for which an IRS form 8609 has been issued are SLIHC qualified units, but not LIHC qualified units, Income Certifications are required by Federal Regulations for occupants of LIHC units.

  • In the case of junior or senior secondary classes where more than 2 LI/HC students must be enrolled due to timetabling limitations, these class size maximums shall be derived by subtracting the number of LIIHC students from the contractual class size maximum of 30 In emergency situations, a Principal may assign a student to a classroom on an interim basis for a maximum of two (2) weeks where, in the opinion of the Principal, no other immediate, practical alternative exists.

  • The Seller is not in default (and has not received any notices of default) with respect to any of its obligations under the LIHC Reservation AND THE SLIHC RESERVATION, the Project Documents, or other agreement to which the Seller is a party that sets forth or governs the rights and obligations of the Seller with respect to the State Credits.

  • Recipient shall document the status of this requirement as part of the LIHC Owner’s Annual Certification for the duration of the Project’s regulatory term.

  • An owner cannot avoid the disallowance of the LIHC by rebating excess rent to the affected tenants.

  • Notwithstanding the provisions of Sections 9.1 and 9.2 above, if any item to be allocated pursuant thereto includes gain to be treated by the Partnership as ordinary income for federal income tax purposes because it is attributable to the recapture of depreciation or cost recovery deductions or to LIHC Recapture, such ordinary income shall be allocated to the Partners in the same proportion as such deductions or credits were allocated.

  • PROJECT OWNER: By: Name: Title: SERVICE AGENCY: By: Name: Title: ACCEPTED BY NYS HCR The Agreement is satisfactory to fulfill the requirements of the HTFC Funding Commitment Letter Exhibit 11 and/or LIHC and/or SLIHC Regulatory Agreement Attachment A.

  • A unit qualifies as an LIHC unit when the gross rent does not exceed 30 percent of the imputed income limitation applicable to such unit under IRC §42(g)(2)(C).

Related to LIHC

  • Gemini means that part of the information exchange system identified as such and forming part of UK Link;

  • CEC means the California Energy Commission.

  • Reorganized Company means the domestic stock company into which a mutual company has been converted, converted and merged, or converted and consolidated.

  • GVWR means gross vehicle weight rating.

  • DH means the District Hospital of the concerned District