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This document outlines the requirements for monthly reporting for recipients of Section 1602 and Tax Credit Assistance (TCAP) awards under the American Recovery and Reinvestment Act (ARRA). It details
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What is section 1602 and tcap?
Section 1602 of the Internal Revenue Code provides for the allocation of funds to finance low-income housing projects, while TCAP (Tax Credit Assistance Program) is a program that provides funding assistance to state housing credit agencies.
Who is required to file section 1602 and tcap?
State housing credit agencies are required to file section 1602 and tcap to receive funding assistance for low-income housing projects.
How to fill out section 1602 and tcap?
Section 1602 and tcap filings are typically done through the designated online portals or submission platforms provided by the relevant government agencies. The specific instructions and forms can be found on the respective agency websites.
What is the purpose of section 1602 and tcap?
The purpose of section 1602 and tcap is to provide financial assistance and tax credits to support the development and preservation of affordable housing for low-income individuals and families.
What information must be reported on section 1602 and tcap?
The specific information that must be reported on section 1602 and tcap includes details about the housing project, eligible tenants, costs, financing sources, and compliance with applicable regulations.
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