Get the free 2025 9% Lihtc Initial Application

This document outlines the application process for the 2025 9% Low-Income Housing Tax Credit (LIHTC) for the Cedar Trace Rehab project located in Evansville, Indiana. It includes guidelines for submission, required documentation, financial details, and scoring criteria necessary for the application to be reviewed and approved by the Indiana Housing and Community Development Authority (IHCDA).

How to fill out 2025 9 lihtc initial

How to fill out 2025 9 lihtc initial

1. Gather necessary documentation including tax identification numbers and income statements.
2. Determine the applicable household size and income limits based on location.
3. Fill out the initial application form, ensuring all required sections are completed.
4. Provide information on current assets and liabilities.
5. Include any necessary certifications or additional forms as required by the 9% LIHTC program.
6. Review the application for accuracy and completeness.
7. Submit the application by the designated deadline, along with any required fees.

Who needs 2025 9 lihtc initial?

1. Developers seeking funding for affordable housing projects.
2. Individuals or organizations interested in investing in low-income housing projects.
3. Nonprofit organizations focused on providing affordable housing.
4. State and local housing agencies managing tax credit programs.

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What is 9 lihtc initial application?

The 9 LIHTC initial application refers to the preliminary submission required for projects aiming to secure funding through the Low Income Housing Tax Credit (LIHTC) program. It outlines the basic details of the proposed housing development.

Who is required to file 9 lihtc initial application?

Developers or housing authorities intending to apply for the Low Income Housing Tax Credits for their affordable housing projects are required to file the 9 LIHTC initial application.

How to fill out 9 lihtc initial application?

To fill out the 9 LIHTC initial application, applicants must complete the required forms, provide necessary project details, financial projections, and submit additional documentation as specified by the administering agency.

What is the purpose of 9 lihtc initial application?

The purpose of the 9 LIHTC initial application is to determine eligibility for tax credits by assessing the proposed project’s compliance with LIHTC program requirements, including affordability and project feasibility.

What information must be reported on 9 lihtc initial application?

The application must report project specifics such as the location, proposed unit mix, projected costs, financing strategies, and compliance with income limits and tenant eligibility.