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This document is the initial application for the 9% Low-Income Housing Tax Credit (LIHTC) for the Stoney Brook Homes development located in Huntington, Indiana. The application outlines the proposed development, including its financing structure, target demographics, and various compliance measures with affordable housing regulations.
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What is 9 lihtc initial application?
The 9 LIHTC initial application is a form submitted to the appropriate state agency to apply for Low-Income Housing Tax Credits (LIHTC), which are designed to encourage the development of affordable rental housing.
Who is required to file 9 lihtc initial application?
Developers of affordable housing projects seeking to obtain Low-Income Housing Tax Credits must file the 9 LIHTC initial application.
How to fill out 9 lihtc initial application?
To fill out the 9 LIHTC initial application, developers must complete all required sections detailing the project information, financing sources, development team, and comply with state-specific guidelines.
What is the purpose of 9 lihtc initial application?
The purpose of the 9 LIHTC initial application is to secure federal tax credits that reduce the cost of developing low-income housing, thereby promoting the availability of affordable rental units.
What information must be reported on 9 lihtc initial application?
The application must report project details, such as location, type of housing, financing structures, estimated costs, and compliance with eligibility requirements.
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