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Project Name: Submission Date: # 1 -- General Project Information FY 2017 LOW INCOME HOUSING TAX CREDIT PRESERVATION PROGRAM REPOSITIONING APPLICATION Project Name: Current Project Owner: Sponsor:
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How to fill out year 15 repositioning bapplicationb

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How to fill out year 15 repositioning application:

01
Begin by gathering all the necessary documents and information required for the application, such as the property address, tax identification number, and previous financial statements.
02
Carefully review the instructions provided with the application form to ensure you understand the requirements and any specific documentation that needs to be included.
03
Complete all sections of the application form accurately and thoroughly. Provide all requested information, including details about the property and the changes that are being proposed for repositioning.
04
Attach any supporting documentation required, such as financial projections, market analysis, and renovation plans. Ensure that the documents are organized and labeled appropriately.
05
Double-check the completed application and supporting documents for any errors or omissions. Make sure all information is clear, consistent, and accurate.
06
Submit the application by the specified deadline, following the provided instructions for submission. It is recommended to keep a copy of the application and all supporting documents for your records.

Who needs year 15 repositioning application?

01
Owners or developers of Low-Income Housing Tax Credit (LIHTC) properties who have reached the 15th year of the compliance period.
02
Individuals or organizations seeking to make significant changes or improvements to the LIHTC property after the initial 15-year period.
03
Entities looking to preserve and extend the affordability of affordable housing units by undertaking repositioning efforts, such as renovation, rehabilitation, or refinancing.
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Year 15 repositioning application is a process where owners of Low-Income Housing Tax Credit properties make changes to the property in order to extend the affordability requirements beyond the initial 15-year compliance period.
Owners of Low-Income Housing Tax Credit properties are required to file year 15 repositioning application if they wish to make changes to the property.
Year 15 repositioning application must be filled out with detailed information about the proposed changes to the property and the impact on the affordability of the units.
The purpose of year 15 repositioning application is to allow owners of Low-Income Housing Tax Credit properties to make changes to the property while still maintaining the affordability requirements for low-income tenants.
The information that must be reported on year 15 repositioning application includes details about the proposed changes, the impact on affordability, and any other requirements set forth by the housing agency.
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