Get the free 2025 9% Lihtc Initial Application

This document represents the initial application for the 2025 9% Low-Income Housing Tax Credit (LIHTC) program through the Indiana Housing and Community Development Authority (IHCDA). It outlines the submission requirements for potential developments, addressing threshold checklists, scoring templates, and documentation submissions necessary for the funding of low-income housing projects. The application aims to support developments that ensure affordable housing opportunities in Marion...

How to fill out 2025 9 lihtc initial

How to fill out 2025 9 lihtc initial

1. Gather necessary financial documents such as W-2 forms, tax returns, and pay stubs.
2. Obtain the 2025 9 LIHTC initial form from the appropriate tax authority or website.
3. Fill in your name, address, and social security number at the top of the form.
4. Complete the income section by entering all sources of income for the household.
5. Provide details about any assets owned, including bank accounts and properties.
6. Include information about household composition, listing all members of the household.
7. Review all entries for accuracy and completeness.
8. Sign and date the application form.
9. Submit the completed form by the specified deadline to the appropriate agency.

Who needs 2025 9 lihtc initial?

1. Individuals or families seeking affordable housing assistance through the Low-Income Housing Tax Credit program.
2. Property owners and developers applying for LIHTC financing to build or rehabilitate housing for low-income residents.
3. Non-profit organizations aiming to ensure access to affordable housing for low-income communities.

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What is 9 lihtc initial application?

The 9% Low Income Housing Tax Credit (LIHTC) initial application is a submission that developers must complete to apply for tax credits allocated to support the development of affordable housing.

Who is required to file 9 lihtc initial application?

Developers or property owners planning to construct or rehabilitate affordable housing units and seeking to obtain 9% LIHTC funding are required to file the initial application.

How to fill out 9 lihtc initial application?

To fill out the 9% LIHTC initial application, applicants must provide detailed information about the proposed project, including project location, financing sources, ownership structure, and compliance with specific eligibility criteria.

What is the purpose of 9 lihtc initial application?

The purpose of the 9% LIHTC initial application is to assess the eligibility of projects for tax credit allocation and to ensure that the proposed developments align with affordable housing goals.

What information must be reported on 9 lihtc initial application?

The application must report information such as project details, budget estimates, proposed rents, tenant income limits, and environmental reviews among other required documentation.