Get the free LOW INCOME HOUSING TAX CREDIT PROGRAM 2002 DEVELOPMENT PROFILE AND BOARD SUMMARY FOR...
Show details
This document outlines the details of the LIHTC application for Cardinal Village, including development specifics, income allocation, expenses, and board recommendations.
We are not affiliated with any brand or entity on this form
Get, Create, Make and Sign low income housing tax
Edit your low income housing tax form online
Type text, complete fillable fields, insert images, highlight or blackout data for discretion, add comments, and more.
Add your legally-binding signature
Draw or type your signature, upload a signature image, or capture it with your digital camera.
Share your form instantly
Email, fax, or share your low income housing tax form via URL. You can also download, print, or export forms to your preferred cloud storage service.
How to edit low income housing tax online
To use the services of a skilled PDF editor, follow these steps:
1
Log in to your account. Start Free Trial and sign up a profile if you don't have one yet.
2
Prepare a file. Use the Add New button to start a new project. Then, using your device, upload your file to the system by importing it from internal mail, the cloud, or adding its URL.
3
Edit low income housing tax. Rearrange and rotate pages, add new and changed texts, add new objects, and use other useful tools. When you're done, click Done. You can use the Documents tab to merge, split, lock, or unlock your files.
4
Get your file. When you find your file in the docs list, click on its name and choose how you want to save it. To get the PDF, you can save it, send an email with it, or move it to the cloud.
It's easier to work with documents with pdfFiller than you could have ever thought. Sign up for a free account to view.
Uncompromising security for your PDF editing and eSignature needs
Your private information is safe with pdfFiller. We employ end-to-end encryption, secure cloud storage, and advanced access control to protect your documents and maintain regulatory compliance.
How to fill out low income housing tax
How to fill out LOW INCOME HOUSING TAX CREDIT PROGRAM 2002 DEVELOPMENT PROFILE AND BOARD SUMMARY FOR RECOMMENDED APPLICATIONS
01
Gather necessary financial documentation and project information.
02
Complete the development profile form, ensuring all sections are filled out accurately.
03
Provide a detailed description of the proposed project, including location, unit mix, and target population.
04
Fill out the board summary, summarizing the key aspects of the application.
05
Attach any required supporting documents, such as site plans or market studies.
06
Review the completed forms for accuracy and completeness.
07
Submit the application by the specified deadline.
Who needs LOW INCOME HOUSING TAX CREDIT PROGRAM 2002 DEVELOPMENT PROFILE AND BOARD SUMMARY FOR RECOMMENDED APPLICATIONS?
01
Developers and organizations seeking financing for affordable housing projects.
02
Non-profit housing agencies looking to leverage tax credits for new developments.
03
Local governments seeking to support community development initiatives.
Fill
form
: Try Risk Free
People Also Ask about
What is the 50% test for low-income housing tax credit?
The test is to verify that 50% or more of the tax-exempt bond proceeds are used to finance the aggregate basis of any building and the land on which the building is located. Failure to meet the 50% Test is catastrophic to a low-income housing tax credit project.
How do LIHTC developers make money?
The Low-Income Housing Tax Credit (LIHTC) program has been the backbone of new affordable housing construction nationwide for the last 37 years. Developers who receive LIHTC financing are paid twice: they collect a developer fee, and they own the building.
How does the low-income housing tax credit work?
The LIHTC gives investors a dollar-for-dollar reduction in their federal tax liability in exchange for providing financing to develop affordable rental housing. Investors' equity contribution subsidizes low-income housing development, thus allowing some units to rent at below-market rates.
What is the low income housing tax credit development?
The LIHTC gives investors a dollar-for-dollar reduction in their federal tax liability in exchange for providing financing to develop affordable rental housing. Investors' equity contribution subsidizes low-income housing development, thus allowing some units to rent at below-market rates.
What is the developer fee for low income housing tax credit?
Affordable developments, as well as those using the LIHTC program, can often qualify for a developer fee. Typically, these developer fees can be anywhere between 10% to 15% of the eligible project costs, or $12,000- $15,000 per unit. However, this varies upon the authority issuing the tax credit.
What is the 50% test for low income housing tax credit?
The test is to verify that 50% or more of the tax-exempt bond proceeds are used to finance the aggregate basis of any building and the land on which the building is located. Failure to meet the 50% Test is catastrophic to a low-income housing tax credit project.
What should be the future of the Low-Income Housing Tax Credit Program?
The LIHTC program has been instrumental in creating over 3 million affordable housing units across the U.S., including in high-demand areas like California. In 2025, new legislative efforts and funding increases are poised to expand its impact, ensuring more families have access to safe, stable, and affordable housing.
How do LIHTC developers make money?
The Low-Income Housing Tax Credit (LIHTC) program has been the backbone of new affordable housing construction nationwide for the last 37 years. Developers who receive LIHTC financing are paid twice: they collect a developer fee, and they own the building.
For pdfFiller’s FAQs
Below is a list of the most common customer questions. If you can’t find an answer to your question, please don’t hesitate to reach out to us.
What is LOW INCOME HOUSING TAX CREDIT PROGRAM 2002 DEVELOPMENT PROFILE AND BOARD SUMMARY FOR RECOMMENDED APPLICATIONS?
The LOW INCOME HOUSING TAX CREDIT PROGRAM 2002 DEVELOPMENT PROFILE AND BOARD SUMMARY FOR RECOMMENDED APPLICATIONS is a document that provides an overview of proposed affordable housing developments seeking funding through the Low Income Housing Tax Credit (LIHTC) program. It includes key details about the project's location, design, targeted income levels, and expected impact on the community.
Who is required to file LOW INCOME HOUSING TAX CREDIT PROGRAM 2002 DEVELOPMENT PROFILE AND BOARD SUMMARY FOR RECOMMENDED APPLICATIONS?
Developers or organizations seeking to obtain Low Income Housing Tax Credits for their housing projects are required to file the LOW INCOME HOUSING TAX CREDIT PROGRAM 2002 DEVELOPMENT PROFILE AND BOARD SUMMARY FOR RECOMMENDED APPLICATIONS. This typically includes nonprofit organizations, for-profit developers, and housing authorities.
How to fill out LOW INCOME HOUSING TAX CREDIT PROGRAM 2002 DEVELOPMENT PROFILE AND BOARD SUMMARY FOR RECOMMENDED APPLICATIONS?
To fill out the LOW INCOME HOUSING TAX CREDIT PROGRAM 2002 DEVELOPMENT PROFILE AND BOARD SUMMARY FOR RECOMMENDED APPLICATIONS, applicants must provide detailed information about the development project, including the development's name, address, type of housing, number of units, financing sources, target population, and other relevant details. It may also require supporting documents, project timelines, and financial projections.
What is the purpose of LOW INCOME HOUSING TAX CREDIT PROGRAM 2002 DEVELOPMENT PROFILE AND BOARD SUMMARY FOR RECOMMENDED APPLICATIONS?
The purpose of the LOW INCOME HOUSING TAX CREDIT PROGRAM 2002 DEVELOPMENT PROFILE AND BOARD SUMMARY FOR RECOMMENDED APPLICATIONS is to assess and recommend applications for tax credits that support the development of affordable housing units. It serves as a tool for both the evaluators and decision-makers to understand the project’s viability, community benefits, and alignment with housing needs.
What information must be reported on LOW INCOME HOUSING TAX CREDIT PROGRAM 2002 DEVELOPMENT PROFILE AND BOARD SUMMARY FOR RECOMMENDED APPLICATIONS?
The information that must be reported includes the project's location, the number and type of housing units, the targeted income levels of tenants, financing details, project timelines, anticipated community impacts, and any relevant certifications or approvals. Additionally, information on the development team and any previous experience with similar projects may also be required.
Fill out your low income housing tax online with pdfFiller!
pdfFiller is an end-to-end solution for managing, creating, and editing documents and forms in the cloud. Save time and hassle by preparing your tax forms online.
Low Income Housing Tax is not the form you're looking for?Search for another form here.
Relevant keywords
Related Forms
If you believe that this page should be taken down, please follow our DMCA take down process
here
.
This form may include fields for payment information. Data entered in these fields is not covered by PCI DSS compliance.
