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This document outlines the proposal for the Sherwood Park development in Zachary, Louisiana, which will consist of 144 affordable multi-family housing units. It discusses construction costs, funding sources including Multifamily Housing Revenue Bonds and Low-Income Housing Tax Credits, and the development team\'s composition. The document also captures the necessary approvals from the Louisiana Housing Corporation for financing the project.
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What is lihtc project synopsis?
The LIHTC project synopsis is a summary document that provides essential information about a Low-Income Housing Tax Credit (LIHTC) project, including project details, location, target population, and funding sources.
Who is required to file lihtc project synopsis?
Developers and owners of LIHTC projects are required to file the LIHTC project synopsis with the appropriate housing authority or state agency to ensure compliance with federal and state regulations.
How to fill out lihtc project synopsis?
To fill out the LIHTC project synopsis, one must gather necessary project information, such as project name, address, number of units, financing details, and submit the completed form to the designated housing authority as instructed.
What is the purpose of lihtc project synopsis?
The purpose of the LIHTC project synopsis is to provide a clear overview of the project's goals, financial structure, and compliance with housing regulations, ensuring transparency and accountability in the use of tax credits.
What information must be reported on lihtc project synopsis?
The LIHTC project synopsis must report information such as the project's legal name, location, total number of affordable housing units, developer's contact information, income targeting, and funding sources.
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