Examples of Set Aside Election in a sentence
Once an Application has been submitted to MFA, the Set Aside Election cannot change.
Projects eligible for the Tax Credit may exceed these limitations, but cannot fall below them, and the Set Aside Election must be made at the time the Application is submitted to MFA.
Change in the Federal Set Aside Election or other Set Aside proposed in the Initial Application, subsequent to the Application Deadline.
Change in the Federal Set Aside Election or other set aside proposed in the Initial Application, subsequent to the Application Deadline.
The Set Aside Election must be made at the time the Application is submitted to MFA.
The Set- Aside Election must be made, and is irrevocable, no later than the date of the execution of the project’s IRS Form 8609 by CDA and the project owner in accordance with the requirements of Section E.8, below.
Only Low Income Units as determined by the Project’s Set Aside Election are eligible for Tax Credits.
New ClarificationMaximum Rent Limits are therefore informed by the Owner’s Minimum Set Aside Election.
In general, the Owner’s commitments remain defined by the Owner’s original Minimum Set Aside Election and the project’s Applicable Fraction.
Section 42 Irrevocable Set-Aside Election: Applicant must determine the Irrevocable Set Aside Election.