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ARKANSAS DEVELOPMENT FINANCE AUTHORITY COMPLIANCE MONITORING POLICIES AND PROCEDURES MANUAL FOR THE LOW INCOME HOUSING TAX CREDIT PROGRAM Adopted by the Board of Directors November 15, 2001, Revised
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The LIHTC Manual Reviseddoc is a manual that provides instructions and guidance for completing the Low-Income Housing Tax Credit (LIHTC) application and compliance process.
Developers or owners of affordable housing projects that wish to apply for or maintain eligibility for the LIHTC program are required to file the LIHTC Manual Reviseddoc.
The LIHTC Manual Reviseddoc can be filled out by following the instructions provided in the manual. It typically requires providing detailed information about the development or project, its financing, and compliance with LIHTC program requirements.
The purpose of the LIHTC Manual Reviseddoc is to ensure proper completion and submission of the LIHTC application and maintain compliance with the program's requirements to qualify for the low-income housing tax credits.
The LIHTC Manual Reviseddoc typically requires reporting information about the development or project, such as its location, financing sources, income and rent restrictions, eligible tenant qualifications, and compliance monitoring procedures.
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