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QUALIFIED ALLOCATION PLAN
IRC SECTION 42 HOUSING CREDIT PROGRAM
32 VIA 5930u VERMONT AFFORDABLE HOUSING TAX CREDIT PROGRAM
STATE OF VERMONTRevised 1/9/2017
Effective 5/1/2017VERMONT HOUSING FINANCE
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What is irc section 42 housing?
IRC section 42 housing refers to the Low-Income Housing Tax Credit Program that provides tax incentives for the development of affordable rental housing.
Who is required to file irc section 42 housing?
Property owners, developers, and managers involved in low-income housing projects are required to file IRC section 42 housing.
How to fill out irc section 42 housing?
To fill out IRC section 42 housing, detailed information about the low-income housing project must be provided, including unit details, tenant income eligibility, and compliance with program requirements.
What is the purpose of irc section 42 housing?
The purpose of IRC section 42 housing is to incentivize the development of affordable rental housing for low-income individuals and families.
What information must be reported on irc section 42 housing?
Information such as project details, tenant income certifications, compliance documentation, and financial data must be reported on IRC section 42 housing forms.
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