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ALLOCATION PLAN FEDERAL HOUSING CREDIT PROGRAM VERMONT AFFORDABLE HOUSING TAX CREDIT PROGRAM STATE OF VERMONTRevised 1/12/2015 Joint Committee on Tax Credits Jennifer Dollar Deputy Commissioner Department

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What is housing tax credit basics?

Housing tax credit basics refer to the program that provides tax credits to developers of affordable housing projects in exchange for providing low-income housing units.

Who is required to file housing tax credit basics?

Developers of affordable housing projects are required to file housing tax credit basics in order to claim the tax credits.

How to fill out housing tax credit basics?

Housing tax credit basics must be filled out by developers of affordable housing projects with accurate information regarding the project, including the number of low-income housing units provided.

What is the purpose of housing tax credit basics?

The purpose of housing tax credit basics is to incentivize developers to build affordable housing units for low-income individuals and families.

What information must be reported on housing tax credit basics?

Developers must report information such as the number of low-income housing units, tenant income limits, and project costs on housing tax credit basics.

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