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Income Housing Credit Draft (updated 11/01/2021) 2022 Qualified Allocation Plan Administered by: Multifamily Programs Division Tennessee Housing Development Agency Ralph M. Perry, Executive Director

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How to fill out low-income housing credit draft

01

Obtain a copy of the low-income housing credit draft form.

02

Fill out the form accurately and completely, making sure to provide all necessary information.

03

Double check the form for any errors or missing information before submitting it.

04

Submit the completed form to the appropriate housing authority or organization by the deadline.

Who needs low-income housing credit draft?

01

Individuals or families who meet the income requirements for low-income housing.

02

Property developers or owners who are seeking tax credits for developing affordable housing units.

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What is low-income housing credit draft?

The low-income housing credit draft is a tax credit designed to incentivize investment in affordable rental housing for low-income individuals and families.

Who is required to file low-income housing credit draft?

Property owners or developers who invest in low-income housing projects are required to file the low-income housing credit draft.

How to fill out low-income housing credit draft?

To fill out the low-income housing credit draft, property owners or developers must provide information about the low-income housing project, including the number of qualifying units and the amount of qualified basis.

What is the purpose of low-income housing credit draft?

The purpose of the low-income housing credit draft is to provide financial incentives for the development and preservation of affordable housing for low-income individuals and families.

What information must be reported on low-income housing credit draft?

Information that must be reported on the low-income housing credit draft includes the total number of units in the project, the number of low-income units, the qualified basis of the project, and the expected credit amount.

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