LIHTC Project definition

LIHTC Project means a qualified low-income housing project as defined in and governed by Section 42(g) of the Code.
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LIHTC Project means a project participating in NJHMFA’s Low Income Housing Tax Credit Program.
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LIHTC Project means a Project to which MaineHousing has allocated low-income housing tax credits pursuant to Section 42.
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Examples of LIHTC Project in a sentence

  • If MFA determines, either through information provided by an Applicant or through MFA’s investigation, that any federally subsidized housing or LIHTC Project in which Applicant, or any Principal or affiliate of Applicant has an interest is in default of any material compliance matter, MFA may reject the Application.

  • A new developer shall complete at least one (1) LIHTC Project in which all LIHTC units have been leased and has received an IRS Form 8609, in Louisiana or any other state, before being allowed to submit a subsequent application.

  • A new Developer shall complete at least one LIHTC Project in which all LIHTC Units have been leased at least once and has received an IRS Form 8609, in Iowa or any other state, before being allowed to submit a subsequent Application.

  • Credit Period – with respect to any building that is included in the LIHTC Project, the period of 10 years beginning with 1) the taxable year in which the building is Placed In Service or 2) at the election of the Project Owner, the succeeding taxable year.

  • If a project is a previous LIHTC Project with an existing LURA, Applicant shall not elect scoring points for this category if it would be less restrictive than the existing LURA.

  • A new Applicant shall complete at least one LIHTC Project in which all LIHTC Units have been leased at least once and has received an IRS Form 8609, in Iowa or any other state, before being allowed to submit a subsequent Application.

  • All told, persons who died in 2007 and met the estate-tax filing threshold left over $229 billion in total gross estate.

  • Subject to the exceptions contained herein, no 9% LIHTC Project shall receive a tax credit Reservation in excess of$1,622,805.

  • Under IRS rules, LIHTC Project Owners may not discriminate in selecting applicants and must accept applications from persons with Section 8 certificates or vouchers.

  • The annual certification may be a self- certification, except that third-party documentation verifying the income of the household is required every 6 years from the date the LIHTC Project is Placed in Service and otherwise upon request by MaineHousing.


More Definitions of LIHTC Project

LIHTC Project means a project participating in the Low Income Housing Tax Credit Program. "Low rise" means a building having one to four residential floors or stories.
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LIHTC Project means a residential or mixed-use development containing Low Income Units.
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LIHTC Project means a residential or mixed-use development containing 24 Low Income Units.
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Related to LIHTC Project

  • Sub-project means a specific development project to be carried out by a Beneficiary utilizing the proceeds of a Sub-loan; and

  • Project means the goods or Services described in the Signature Document or a Work Order of this Contract.

  • New Project means (a) each facility which is either a new facility, branch or office or an expansion, relocation, remodeling or substantial modernization of an existing facility, branch or office owned by the Borrower or its Subsidiaries which in fact commences operations and (b) each creation (in one or a series of related transactions) of a business unit to the extent such business unit commences operations or each expansion (in one or a series of related transactions) of business into a new market.

  • The Project means supply, installation, testing and commissioning, integration of computer hardware and services with support under Warranty and annual maintenance contract, if required for the contract period.

  • The Project Site, where applicable, means the place or places named in the SCC.

  • Large project means, for purposes of the Soft Cost Ratio limitation in Section 3.F, a Project with more than 24 Housing Credit units.

  • Redevelopment project means any work or undertaking

  • Public project means any of the following:

  • Expansion Project has the meaning set forth in Section IV.3.a of this Agreement.

  • Development Project means a project for the development of land within a project area.

  • Infrastructure project means any construction or acquisition of treatment works,

  • Existing Project is a Project that has achieved Commercial Operation on or prior to the Execution Date.