LIHTC means the low-income housing tax credit established by TRA 1986 and which is provided for in Section 42 of the Code, as amended, or any successor thereto.

LIHTC or “Tax Credit” means the Low-Income Housing Tax Credits issued under I.R.C. § 42.

Examples of LIHTC in a sentence

This fee shall be submitted with the LIHTC Annual Report for each year of the compliance/extended-use period.
Increasing the fee to increase the LIHTC eligible basis is not a valid justification for a waiver.
Please consult with your tax attorney and/or LIHTC consultant regarding Internal Revenue Code regulations.
Also note whether the affordability is guaranteed through funding restrictions (i.e. LIHTC, 4d) or is unsubsidized, if housing choice vouchers are/will be accepted, and if there is a fair housing marketing plan required or in place.
Each applicant must complete a Rental Application and be willing to submit to credit history, rental history, criminal background and federal and state sex offender registry inquiry, as well as income and asset verification procedures required by HUD and/or LIHTC.

More Definitions of LIHTC

LIHTC or “Tax Credit” means a tax credit awarded under the Low Income Tax Credit program of IRC Section 42.

LIHTC means the Low-Income Housing Tax Credit program, a program of the Internal Revenue Service that provides federal income Tax Credits to Owners of qualifying residential rental Projects.

LIHTC or “Tax Credit” means the Low‐Income Housing Tax Credit program under I.R.C. § 42.

LIHTC or “Tax Credit” means the Low‐Income Housing Tax Credits issued under I.R.C. § 42.

LIHTC means the federal low-income housing tax credits as provided in § 42 of the IRC, as amended.

LIHTC or “Tax Credit” means the Low-Income Housing Tax Credit program under I.R.C. § 42.