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CALIFORNIA TAX CREDIT ALLOCATION COMMITTEE 2019 COMPETITIVE 9% APPLICATION FOR INCOME HOUSING TAX CREDITS January 18, 2019, Version II. APPLICATION SECTION 1: APPLICANT STATEMENT, CERTIFICATION AND

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What is low income housing tax?

Low income housing tax is a tax credit program designed to incentivize the development of affordable rental housing.

Who is required to file low income housing tax?

Property owners or developers who have low income housing properties are required to file low income housing tax.

How to fill out low income housing tax?

To fill out low income housing tax, property owners or developers must complete Form 8609 and submit it to the IRS.

What is the purpose of low income housing tax?

The purpose of low income housing tax is to provide financial incentives for the development of affordable rental housing for low income individuals and families.

What information must be reported on low income housing tax?

The information that must be reported on low income housing tax includes the total number of low income units in the property, the rent restrictions, and the income limits for tenants.

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