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Section 1602 Quarterly Progress Report Under Section 1602 of the American Recovery and Reinvestment Tax Act of 2009 (Section 1602), state housing credit agencies are eligible to receive Section 1602
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How to fill out section 1602 quarterly progress

How to fill out section 1602 quarterly progress:
01
Gather all necessary documentation and information related to the progress made in the quarter. This may include financial reports, project updates, and any other relevant data.
02
Start by providing basic information about the project, such as its name, location, and the organization responsible for its management. Include any unique project identifiers that may be required.
03
Specify the reporting period for which the quarterly progress report is being prepared. This typically includes the start and end dates of the quarter.
04
Describe the overall progress made during the quarter. Include details about any milestones or goals that were achieved and highlight any challenges or obstacles that were encountered.
05
Provide a breakdown of project activities and outcomes. This can include information on the number of housing units developed or rehabilitated, the number of jobs created, and any other relevant data.
06
Include financial information, such as the total amount of funding received and expended during the quarter. Break down these numbers to show how the funds were allocated across different project activities.
07
Address any corrective actions or modifications that have been implemented to improve the project's progress. This can include changes in strategies, additional resources allocated, or any adjustments made to meet the project's objectives.
08
Conclude the report by summarizing the overall progress made during the quarter and any plans for the upcoming reporting period. Highlight any significant achievements or ongoing challenges.
09
Submit the completed section 1602 quarterly progress report to the appropriate authority as per the specified deadline.
Who needs section 1602 quarterly progress:
01
Developers or organizations that have received funding through the section 1602 program are required to submit the quarterly progress report.
02
State housing agencies or other funding authorities may request these reports to monitor the progress of projects and ensure compliance with program guidelines.
03
Investors, lenders, or other stakeholders may also require section 1602 quarterly progress reports to assess the performance and impact of the funded projects.
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