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NEBRASKA INVESTMENT FINANCE AUTHORITY LOW INCOME HOUSING TAX CREDIT PROGRAM 2020/2021 AMENDED AND RESTATED LIH TC ALLOCATION PLAN FOR9% LIGHTS AND AHTCS1.INTRODUCTION. ............................................................................................................
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Read the instructions provided with the form carefully to understand the requirements and guidelines.
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Gather all the necessary information and documentation required to complete the form.
04
Start by entering the project details, including the name, address, and type of development.
05
Complete the sections related to the project's financing, such as the total development cost and sources of funds.
06
Provide information about the population to be served by the project, including the number of households and income levels.
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Include details about the project's amenities, services, and accessibility features.
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Fill out the section regarding tenant selection criteria and preferences.
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Submit the filled-out Nebraska LIHTC Allocation Plan to the designated authority within the specified deadline.

Who needs nebraska lihtc allocation plan?

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Developers, investors, and organizations planning to apply for Low-Income Housing Tax Credits (LIHTC) in the state of Nebraska need the Nebraska LIHTC Allocation Plan.
02
State authorities and agencies responsible for allocating LIHTC also require this plan to assess eligibility, evaluate projects, and make informed decisions about the allocation of tax credits.
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The Nebraska Low-Income Housing Tax Credit (LIHTC) allocation plan outlines the policies and procedures for allocating federal tax credits for the development of affordable housing in Nebraska.
Developers seeking to obtain Low-Income Housing Tax Credits for their housing projects in Nebraska are required to file the Nebraska LIHTC allocation plan.
To fill out the Nebraska LIHTC allocation plan, applicants must provide detailed information about their project, including the development team, financing structure, project design, and compliance with federal and state requirements.
The purpose of the Nebraska LIHTC allocation plan is to promote the development of affordable rental housing for low-income residents by providing tax incentives to developers.
The Nebraska LIHTC allocation plan must report information such as project location, proposed rents, the number of units, occupancy rates, financing sources, and compliance with low-income housing requirements.
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