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This document outlines the application process for the 2025 9% Low-Income Housing Tax Credit (LIHTC) program facilitated by the Indiana Housing and Community Development Authority. It includes details regarding the development proposal for Grace Pointe in Washington, Indiana, including necessary documentation, application fees, qualifications, and submission requirements for developers seeking tax credits for affordable housing projects.
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What is 9 lihtc initial application?
The 9 LIHTC initial application is the application form that organizations or developers must submit to seek allocation of Low-Income Housing Tax Credits under the 9% tax credit program, which supports the development of affordable rental housing.
Who is required to file 9 lihtc initial application?
Developers or organizations intending to develop affordable housing projects and wishing to obtain 9% 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, applicants need to follow specific guidelines provided by the allocating agency, include necessary project information, financial data, and community impact studies, and ensure all documentation is complete and accurate.
What is the purpose of 9 lihtc initial application?
The purpose of the 9 LIHTC initial application is to evaluate and prioritize projects for funding via low-income housing tax credits, aiming to encourage the development of affordable housing for low-income individuals and families.
What information must be reported on 9 lihtc initial application?
The 9 LIHTC initial application must report information such as project location, funding sources, projected costs, development team qualifications, tenant populations served, and compliance with local housing strategies.
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