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6/1/2011 C & C Realty Management, LLC P O Box 2506 Augusta, ME 043382506 Telephone (207) 6217700 Toll free 18666217705 Name: Address: LIH TC/RAP APPLICATION FOR MULTI FAMILY HOUSING Received Date
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How to fill out lhitc
How to fill out lhitc:
01
Gather all necessary documentation, such as tenant income information, rent certifications, and occupancy records.
02
Complete the necessary forms, such as Form 8609, which is used to allocate low-income housing tax credits.
03
Ensure that all information is accurate and up-to-date, and double-check for any errors or missing information.
04
Submit the completed forms and documentation to the appropriate state agency or housing finance authority.
05
Follow up with the agency to ensure that the application has been received and processed.
Who needs lhitc:
01
Developers or owners of affordable housing projects who wish to take advantage of tax benefits for providing low-income housing.
02
State housing agencies or housing finance authorities that allocate and administer low-income housing tax credits.
03
Low-income individuals or families who are seeking affordable housing options and may qualify for the benefits of lhitc.
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What is lhitc?
The Low-Income Housing Tax Credit (LIHTC) is a federal program that provides tax incentives to developers and investors who create affordable rental housing for low-income households.
Who is required to file lhitc?
Developers and investors who participate in the LIHTC program are required to file a Form 8609 with the Internal Revenue Service (IRS) to claim the tax credits.
How to fill out lhitc?
To fill out the LIHTC, developers and investors need to complete Form 8609, which includes providing information about the affordable housing project, the number of low-income units, and the eligible basis for tax credits.
What is the purpose of lhitc?
The purpose of the LIHTC is to incentivize the development of affordable rental housing for low-income households and increase the availability of safe and decent housing in the community.
What information must be reported on lhitc?
The LIHTC requires reporting information about the affordable housing project, including the location, number of low-income units, eligible basis, and the amount of tax credits allocated to the project.
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