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This document provides an overview of the KHA Affordable Properties project, including details about its development costs, structure, and funding sources. The project aims to redevelop the Kenner

How to fill out lihtc project synopsis

How to fill out lihtc project synopsis

1. Gather necessary project information such as project name, address, and developer details.
2. Clearly define the type of project (e.g., new construction, rehabilitation, etc.).
3. Outline the target population and the number of units to be developed.
4. Detail the financing sources and funding structure for the project.
5. Provide a timeline for the project from start to completion.
6. Describe the market demand and how the project meets community needs.
7. Explain the project's compliance with Low-Income Housing Tax Credit (LIHTC) program requirements.
8. Include any additional relevant documentation or attachments.

Who needs lihtc project synopsis?

1. Developers seeking financing through the LIHTC program.
2. Investors looking to understand project viability and compliance.
3. State housing agencies reviewing applications for LIHTC allocations.
4. Community organizations assessing the impact of housing projects.
5. Regulatory bodies ensuring adherence to housing laws and standards.

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What is lihtc project synopsis?

The LIHTC project synopsis is a detailed summary of a Low-Income Housing Tax Credit project, providing essential information about its proposal, financing, timelines, and intended benefits for low-income housing.

Who is required to file lihtc project synopsis?

Developers or owners of projects seeking Low-Income Housing Tax Credits must file a LIHTC project synopsis as part of their application process to ensure compliance with tax credit program requirements.

How to fill out lihtc project synopsis?

To fill out a LIHTC project synopsis, applicants should provide accurate project details such as project name, location, proposed funding sources, development timeline, and the target population served, typically using the prescribed forms provided by the state housing authority.

What is the purpose of lihtc project synopsis?

The purpose of the LIHTC project synopsis is to outline key project details, assist in the evaluation of project proposals, ensure transparency in the funding process, and verify compliance with program guidelines.

What information must be reported on lihtc project synopsis?

The information required on a LIHTC project synopsis typically includes the project's name and location, financing details, description of the target population, number of units, design specifications, and anticipated project benefits.