Get the free 2025 4% Lihtc and Bonds Initial Application

This document serves as the initial application for the 2025 4% Low-Income Housing Tax Credit (LIHTC) and bond financing for the Foundry Row Apartments development located in Muncie, Delaware County, Indiana. It outlines the necessary documentation, checklist, and requirements for submission to the Indiana Housing and Community Development Authority (IHCDA) to secure funding and tax credits for the project.

How to fill out 2025 4 lihtc and

How to fill out 2025 4 lihtc and

1. Obtain the 2025 4 LIHTC application form from the relevant housing authority or governmental agency.
2. Review the guidelines and eligibility criteria for the LIHTC program for 2025.
3. Gather all necessary documentation, including financial records, project plans, and identification information.
4. Fill out the application form completely, ensuring all required fields are accurately filled.
5. Provide detailed project information, including the location, type of housing, and number of units.
6. Include a comprehensive budget and funding sources for the project in the application.
7. Review the completed application for any errors or missing information.
8. Submit the application by the designated deadline, ensuring to keep a copy for your records.

Who needs 2025 4 lihtc and?

1. Developers looking to finance low-income housing projects.
2. Non-profit organizations focused on creating affordable housing.
3. Investors seeking tax credits through investment in low-income housing.
4. Local governments aiming to promote affordable housing initiatives in their communities.

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What is 4 lihtc and bonds?

4 LiHTC refers to the Low-Income Housing Tax Credit program, which provides tax incentives for the construction and rehabilitation of affordable rental housing. Bonds typically refer to tax-exempt financing tools used in conjunction with the LiHTC program.

Who is required to file 4 lihtc and bonds?

Entities that own and manage properties utilizing Low-Income Housing Tax Credits or tax-exempt bonds must file the appropriate forms annually.

How to fill out 4 lihtc and bonds?

To fill out 4 LiHTC forms, one must gather necessary information about the property, including details on tenant income, rents charged, expenditures, and applicable regulations, and then complete the forms according to the provided guidelines.

What is the purpose of 4 lihtc and bonds?

The purpose of 4 LiHTC and bonds is to incentivize the development of affordable housing and to facilitate the financing of such projects through tax credits and bond financing.

What information must be reported on 4 lihtc and bonds?

The information required includes property details, tenant income data, rent schedules, compliance with affordability criteria, and any changes affecting the project.