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This document outlines the application process for the 2025 9% Low-Income Housing Tax Credit (LIHTC) program applicable to the Residences at Eight45 project in Shelbyville, Indiana. It includes details such as application fees, required documentation, submission guidelines, and specific scoring and eligibility criteria necessary to qualify for funding.
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The 9 LIHTC initial application is a form submitted by developers seeking to apply for low-income housing tax credits under the Low-Income Housing Tax Credit program to finance the development of affordable rental housing.
Developers of affordable housing projects who wish to seek low-income housing tax credits must file the 9 LIHTC initial application.
To fill out the 9 LIHTC initial application, applicants need to provide detailed project information, including project location, plans for affordability, financing details, and other required documentation as specified by the state housing agency.
The purpose of the 9 LIHTC initial application is to assess the feasibility of the housing project and its compliance with federal and state regulations governing low-income housing tax credits.
The application must report information such as project description, proposed rent levels, income limits for tenants, funding sources, and development timelines.
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