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The 2012 Low-Income Housing Tax Credit Qualified Allocation Plan For the State of North Carolina I. II. INTRODUCTION...................................................................................................................................
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Qualified Allocation Plan NC is a document that outlines the criteria and procedures for allocating low-income housing tax credits in the state of North Carolina.
Developers and owners of affordable housing projects in North Carolina are required to file the Qualified Allocation Plan NC.
To fill out the Qualified Allocation Plan NC, developers and owners must provide detailed information about their affordable housing project, including the project's location, financing plans, proposed rents, and the demographics of the targeted tenants.
The purpose of the Qualified Allocation Plan NC is to establish a fair and transparent process for allocating low-income housing tax credits in North Carolina, ensuring that they are awarded to projects that meet the state's affordable housing goals.
The Qualified Allocation Plan NC requires detailed information about the affordable housing project, such as the project's location, financing plans, proposed rents, unit mix, compliance with applicable laws and regulations, and the experience and qualifications of the project's development team.
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