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Low Income Housing Tax Credit Program 2015 Qualified Allocation Plan Commonwealth of Massachusetts Department of Housing and Community Development Massachusetts LIH TC 2015 Qualified Allocation Plan
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Massachusetts LIHTC - MASS stands for Massachusetts Low Income Housing Tax Credit - Massachusetts. It is a tax credit program that incentivizes the development of affordable housing for low-income households in Massachusetts.
Developers and owners of affordable housing projects in Massachusetts are required to file for the Massachusetts LIHTC - MASS program.
To fill out the Massachusetts LIHTC - MASS application, developers and owners need to provide detailed information about the affordable housing project, including income restrictions, rent limits, and project financing.
The purpose of Massachusetts LIHTC - MASS is to increase the supply of affordable housing for low-income households in the state by providing tax credits to developers and owners of qualifying projects.
Information required to be reported on Massachusetts LIHTC - MASS includes details about the development project, such as total units, income restrictions, rent limits, and financing information.
The deadline to file for Massachusetts LIHTC - MASS in 2023 is typically in the Spring, with specific dates announced by the Massachusetts Department of Housing and Community Development.
The penalty for late filing of Massachusetts LIHTC - MASS can result in the loss of tax credits for the affordable housing project, impacting the financial viability of the development.
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