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EXPANSION PAYMENTINLIEUOFTAX PROGRAM POLICIES AND PROCEDURES THE ECONOMIC DEVELOPMENT GROWTH ENGINE INDUSTRIAL DEVELOPMENT BOARD OF THE CITY OF MEMPHIS AND COUNTY OF SHELBY, TENNESSEEApproved & Effective:

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How to fill out residential payment in lieu

01

Obtain the residential payment in lieu form from the appropriate local government office or website.

02

Fill out the name and address sections with your personal information.

03

Provide details about the property you own or rent.

04

Specify the reason for choosing residential payment in lieu.

05

Calculate the payment amount based on the guidelines provided.

06

Attach any required documents, such as proof of income or residency.

07

Review the completed form for accuracy and completeness.

08

Submit the form and payment to the designated government office.

09

Keep a copy of the filled-out form for your records.

Who needs residential payment in lieu?

01

Residential payment in lieu is needed by individuals who are unable to fulfill their residential obligations or who prefer to make a monetary payment instead.

02

This may include individuals who are temporarily relocating, have health or financial constraints, or are traveling extensively.

03

It is important to check the specific requirements and eligibility criteria set by the local government to determine if residential payment in lieu is applicable in a particular situation.

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What is residential payment in lieu?

Residential payment in lieu is a fee paid by developers who choose not to include affordable housing units in their residential projects.

Who is required to file residential payment in lieu?

Developers who decide not to include affordable housing units in their residential projects are required to file residential payment in lieu.

How to fill out residential payment in lieu?

Residential payment in lieu can be filled out by submitting the required forms and documentation to the relevant housing authority.

What is the purpose of residential payment in lieu?

The purpose of residential payment in lieu is to provide financial support for affordable housing initiatives and projects.

What information must be reported on residential payment in lieu?

Information such as project details, financial statements, and proof of payment must be reported on residential payment in lieu.

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