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New York State Department of Taxation and Finance Instructions for Form DTF-625 DTF-625-I (10/02) Low-Income Housing Credit Allocation Certification General information The New York State low-income

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What is low-income housing credit?

Low-income housing credit is a federal tax credit designed to incentivize investment in affordable rental housing for low-income individuals and families.

Who is required to file low-income housing credit?

Owners of low-income housing properties are required to file a low-income housing credit form (Form 8609) to claim the credit.

How to fill out low-income housing credit?

To fill out the low-income housing credit, owners must complete Form 8609, providing information about the property, tenants, and other relevant details. They should consult the instructions for the form for the specific requirements.

What is the purpose of low-income housing credit?

The purpose of low-income housing credit is to encourage the development and maintenance of affordable rental housing for low-income individuals and families.

What information must be reported on low-income housing credit?

The low-income housing credit requires reporting information such as the address and characteristics of the property, the number of low-income units, the rent charged to tenants, and the calculation of the credit.

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