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Project Name: Submission Date: Project Name:Current Project Owner:Sponsor:Sponsor Address:Sponsor Contact:Sponsor Phone: Sponsor Email:Property Management Company:Property Management Company Address:Project

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How to fill out year-15 repositioning application

01

Here is a step-by-step guide to fill out the year-15 repositioning application:

02

Start by downloading the year-15 repositioning application form from the designated website or portal.

03

Read the instructions and guidelines carefully to understand the requirements and eligibility criteria.

04

Fill out the personal details section, providing accurate information about the applicant.

05

Next, provide details about the property for which the repositioning application is being filed, including its address, ownership information, and any relevant documentation.

06

Specify the purpose of the repositioning, such as rehabilitation, conversion, or relocation.

07

Attach any supporting documents required, such as property deeds, financial statements, architectural plans, or feasibility studies.

08

Review and double-check all the information provided to ensure accuracy and completeness.

09

Sign and date the application form.

10

Submit the completed application along with all the necessary documents to the designated office or authority in charge of processing repositioning applications.

11

Keep a copy of the submitted application for your records.

12

It is advisable to consult with legal or real estate professionals for specific guidance and assistance throughout the application process.

Who needs year-15 repositioning application?

01

The year-15 repositioning application is required by developers or property owners seeking to reposition a property that has undergone a Low-Income Housing Tax Credit (LIHTC) compliance period. This application is typically used to request approval for rehabilitation, conversion, or relocation of the property to comply with the requirements of the LIHTC program. It is important for those who intend to make changes to their LIHTC properties after the initial 15-year compliance period to submit a year-15 repositioning application for consideration and approval.

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What is year-15 repositioning application?

Year-15 repositioning application is a process where property owners can request a change in the Income and Expense statements of their affordable housing project.

Who is required to file year-15 repositioning application?

Property owners of affordable housing projects are required to file year-15 repositioning application.

How to fill out year-15 repositioning application?

Year-15 repositioning application can be filled out online through the designated portal provided by the housing authority.

What is the purpose of year-15 repositioning application?

The purpose of year-15 repositioning application is to ensure accurate reporting of the project's financial information and to determine if rent adjustments are necessary.

What information must be reported on year-15 repositioning application?

The information that must be reported on year-15 repositioning application includes financial data such as income, expenses, and occupancy rates.

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