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This document serves as a Carryover Allocation Certificate for the Low-Income Housing Tax Credit Program administered by the West Virginia Housing Development Fund, outlining the allocation of housing
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How to fill out lihtcp-3
How to fill out LIHTCP-3
01
Gather all necessary documentation related to the low-income housing project.
02
Fill out the general information section with the project name, address, and contact details.
03
Provide details about the property type and the number of units.
04
Complete the income limits section, including data on eligible residents.
05
Calculate and enter the applicable rent limits for the project.
06
Detail the funding sources and financing arrangements.
07
Review the application for accuracy and completeness.
08
Submit the LIHTCP-3 form to the appropriate regulatory agency.
Who needs LIHTCP-3?
01
Developers seeking to obtain low-income housing tax credits.
02
Non-profit organizations involved in affordable housing.
03
Property managers of low-income housing projects.
04
Investors looking to leverage tax benefits from low-income housing.
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What is LIHTCP-3?
LIHTCP-3 is a form used by developers and owners of Low-Income Housing Tax Credit (LIHTC) projects to report information related to compliance with program regulations.
Who is required to file LIHTCP-3?
Entities that own or operate LIHTC projects are required to file LIHTCP-3 as part of their compliance obligations.
How to fill out LIHTCP-3?
LIHTCP-3 should be filled out by providing detailed information about the property, including tenant income, rent restrictions, and compliance with federal and state regulations, following the specific instructions provided for the form.
What is the purpose of LIHTCP-3?
The purpose of LIHTCP-3 is to ensure compliance with the Low-Income Housing Tax Credit program's requirements and to provide necessary data to regulatory agencies.
What information must be reported on LIHTCP-3?
Information that must be reported on LIHTCP-3 includes tenant demographics, income levels, rental payments, and any other compliance-related information required by the LIHTC program.
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