Affordable Housing Tax Credit Program

IRS tax Forms - Wikipedia
In 2014 there were two additions to Form 1040 due to the implementation of the Affordable Care Act – the premium tax credit and is used by condominium and housing associations for tax is used in implementation of the federal government's Work Opportunity Tax Credit program. ... Read Article

355 Illinois Affordable Housing Tax Credit Program - Ihda.org
Affordable Housing Tax Credit Ceiling that is available for Allocation by an Agency. That amount is 24.5% of the Affordable Housing Tax Credit Ceiling for the City of Chicago, and 75.5% of the Affordable Housing Tax Credit Ceiling for the Authority. "Agency Head": The Executive Director of the Authority or the Housing Commissioner of the City ... Get Document

Low Income Housing Tax Credit Program 2017 Qualified ...
State programs to support the production of new affordable rental housing, as well as the preservation of existing affordable housing, cannot be overstated. As the most powerful of such programs, the importance of the Low Income Housing Tax Credit (LIHTC) cannot be overstated. Now in its 30th ... Get Document

Shelved Housing Kitsap Project Cost $500k
The money, which included $100,000 covered by the federal Department of Housing and Urban Development, was spent in preparation for a massive restructuring of the housing authority's public ... Read News

Low-Income Housing Tax Credit Program - Michigan.gov
STATE OF MICHIGAN LOW-INCOME HOUSING TAX CREDIT PROGRAM I. INTRODUCTION The Low-Income Housing Tax Credit (LIHTC) program offers a financial incentive to construct, rehabilitate, and operate rental housing for low-income tenants. Under federal law, LIHTC is required to be allocated according to a Qualified Allocation Plan (QAP). ... Read Here

355 Illinois Affordable Housing Tax Credit Program
Housing Tax Credits. "Agency Affordable Housing Tax Credit Ceiling": That portion of the Affordable Housing Tax Credit Ceiling that is available for Allocation by an Agency. That amount is 24.5% of the Affordable Housing Tax Credit Ceiling for the City of Chicago, and 75.5% of the Affordable Housing Tax Credit Ceiling for the Authority. ... View Doc

An Introduction To The Low-Income Housing Tax Credit
An Introduction to the Low-Income Housing Tax Credit Congressional Research Service 1 Overview The low-income housing tax credit (LIHTC) was created by the Tax Reform Act of 1986 (P.L. 99-514) to provide an incentive for the development and rehabilitation of affordable rental housing. ... Get Content Here

Public Service Law In The United States - Wikipedia
Public service law in the United States is the body of law, Low-Income Housing Tax Credit; 1987 – Housing and Community Development Act of 1987, Pub.L. 100 1990 – Cranston-Gonzalez National Affordable Housing Act, Pub.L. 101–625; 1992 – Housing and Community Development Act of ... Read Article

Housing Credit Serving Veterans -- Travis Street Plaza ...
Low Income Housing Tax Credit allocation was provided by the Texas Department of Housing and Community Affairs, and additional funding was provided by the City of Houston, New Man LLC, and a ... View Video

Low Income Housing Tax Credit Program
Accepted in the tax credit multi -family housing development industry, but will be ultimately interpreted “Affordable Housing” means a multifamily residential rental development with recorded use Housing Trust Fund. “After School Program” means an extracurricular program held ... Fetch This Document

Program Understanding Low-Income Housing Rental Assistance ...
Some of these affordable housing programs offer rental housing assistance to low-income households both directly, through rental vouchers and public housing options, or indirectly, by means of financing or subsidizing the development of affordable housing units. ... View Document

Social Programs In The United States - Wikipedia
Social programs in the United States are welfare subsidies designed to meet needs of the American population. Federal and state welfare programs include cash assistance, healthcare and medical provisions, food assistance, housing subsidies, energy and utilities subsidies, education and childcare assistance, and subsidies and assistance for other basic services. ... Read Article

Low-Income Housing Tax Credit
The low-income housing tax credit (LIHTC) is a federal income tax credit that for nearly 25 years has been incentivizing the development of affordable rental housing for low-income families and seniors. 1 This report analyzes the performance of the LIHTC program and ... Retrieve Here

Multifamily Housing Finance Oregon Affordable Housing Tax Credit
Program Overview The Oregon Affordable Housing Tax Credit (OAHTC) Program provides a state income tax credit for affordable housing loans for which a lender reduces the interest rate by up to four percent. ... Fetch Content

TITLE 330. OKLAHOMA HOUSING FINANCE AGENCY CHAPTER 36 ...
The purpose of the Oklahoma Affordable Housing Tax Credit ("OAHTC") Program is to expand the supply of new affordable rental units and rehabilitate existing rental housing for Qualifying Households. 330:36-1-2.1. Authority. The federal Tax Reform Act of 1986 ("Act") and Section 42 of the Code authorize the Credits. Oklahoma Housing Finance Agency ... Read Document

Low-Income Housing Tax Credit Program - Occ.treas.gov
What is the Low-Income Housing Tax Credit program? liability companies. Thus, a national bank, The Low-Income Housing Tax Credit (LIHTC) program was established by the Tax Reform Act of 1986 (Internal Revenue Code Section 42) to create market incentives for the acquisition and development or rehabilitation of affordable rental housing. It ... Document Viewer

OKLAHOMA HOUSING FINANCE AGENCY Affordable Housing Tax ...
The Oklahoma Housing Finance Agency (OHFA) QAP consists of the Application Instructions, Application Form, and Title 330, Chapter 36 Affordable Housing Tax Credit (AHTC) Program Rules. In any instance where there is a conflict between the Rules and the Instructions and/or the Application Form, the Rules shall control. ... View This Document

Reform Of The Low-Income Housing Tax Credit Program
Tax credit authority is allocated annually from the federal government to each state which, through its Housing Finance Agency (HFA), awards the tax credits to development proposals. The annual allocations totaled to about $7.6 billion in fiscal year 2015 (Gramlich, 2015). ... View Doc

Office Of The Community Developments
The Low-Income Housing Tax Credit (LIHTC) is the federal government’s primary program for encouraging the investment of private equity in the development of affordable rental housing for low-income households. ... Return Document

VERMONT AFFORDABLE HOUSING TAX CREDIT PROGRAM STATE OF VERMONT
Each definition containing an asterisk (*) is intended to be consistent with the tax credit program statutes at IRC Section 42 and Regulations 1.42-1(T) through 1.42-17. Allocating Agency (or Agency): means Vermont Housing Finance Agency (VHFA). ... View Document

TAX CREDIT Analysis Of Affordable Housing Tax Credit Program
Improvement Needed in Affordable Housing Assistance Tax Credit Program Administration This audit evaluated the Missouri Housing Development Commission's (MHDC) administration and the cost-effectiveness of the state's Affordable Housing Assistance Tax Credit (AHATC) Program. The credit is designed ... Content Retrieval

Coweta Residents Upset Over Low Income housing - YouTube
A Calling to Build Community - Low Income Housing Tax Credit (LIHTC) Program - Duration: 5:05. CHFA - Colorado Housing and Finance Authority 1,893 views ... View Video

Low Income Housing Tax Credit Program Qualified Allocation ...
The Nevada Housing Division (NHD) administers the Low-Income Housing Tax Credit (LIHTC) program and is required as the state’s housing credit agency, to adopt a Plan describing the process for the allocation of housing credits. Section 42 of the Internal Revenue Code (IRC or the Code) is the federal statute establishing the tax credit program. ... View This Document

Illinois Affordable Housing Tax Credits - Granite City, Illinois
State income tax credit is worth 50 cents-on-the-dollar. Along with the federal deduction allowed for charitable donations. A donation of $10,000 would likely cost the donor $3,250 once the credit is taken. Who is eligible to make a donation to benefit affordable housing? ... Get Document

Indiana Rental Housing Tax Credit
In 1986, Congress enacted the Low-Income Housing Tax Credit (LIHTC) Program, known in Indiana as the Rental Housing Tax Credit (RHTC) Program. This program provides incentives for the investment of private equity capital in the development of affordable rental housing. ... View Doc

Low Income Housing Tax Credit Program - Nlihc.org
The Low Income Housing Tax Credit program (LIHTC) finances the construction, rehabilitation, and preservation of housing affordable to lower income households. The LIHTC program encourages private . investment by providing a tax credit: a dollar-for-dollar reduction in federal taxes owed on other income. ... Access This Document