
Get the free 2006 Housing Credit Qualified Allocation Plan Amended Nov 2005.doc - state ar
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FINAL AGENCY #109.04 Arkansas Development Finance Authority Housing Credit Program 2006 Qualified Allocation Plan Adopted by the Board of Directors October 20, 2005, as Amended on December 12, 2005,
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What is housing credit qualified allocation?
Housing credit qualified allocation refers to the allocation of federal tax credits provided to developers or investors who develop affordable rental housing units as part of the Low-Income Housing Tax Credit (LIHTC) program.
Who is required to file housing credit qualified allocation?
Developers or investors who are participating in the LIHTC program and have received a housing credit qualified allocation are required to file this information with the appropriate tax authorities.
How to fill out housing credit qualified allocation?
To fill out housing credit qualified allocation, developers or investors must provide required information such as project details, total number of affordable units, and any additional documentation requested by the tax authorities.
What is the purpose of housing credit qualified allocation?
The purpose of housing credit qualified allocation is to incentivize the development of affordable rental housing units by providing federal tax credits to developers or investors. These credits help to lower the overall development costs and make affordable housing projects financially feasible.
What information must be reported on housing credit qualified allocation?
The specific information that must be reported on a housing credit qualified allocation may vary based on the applicable tax jurisdiction. However, generally, it will include information such as project details, the number of affordable units, cost certifications, and compliance with applicable rules and regulations.
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