Laserfiche WebLink
P. Annual Credit Amount 22 <br />Q. Declaration of Land Use Restrictive Covenants 22 <br />R. Ineligible Properties 22 <br />S. Passive Loss Restrictions 22 <br />T. State Volume Limits 22 <br />U. Recapture 23 <br />V. Market Study 23 <br />W. Tenant Ownership 23 <br />X. Fair Housing and Contract Compliance Policy 23 <br />CHAPTER 5 — DEVELOPMENT STANDARDS 25 <br />A. Project Cost Reasonableness 25 <br />B. Minimum Underwriting Standards for Amortizing Debt and Maintenance and Operating Expenses <br />Benchmarks 25 <br />C. Eligible Basis Tax Credit Fees 25 <br />D. Reserves/Contingencies 27 <br />E. Comparative Analysis 27 <br />F. Property Standard 27 <br />CHAPTER 6 — PROJECT SELECTION 29 <br />A. First Rounds - Application Requirements 29 <br />B. Scoring 29 <br />C. Tie Breakers 29 <br />D. Market Review 29 <br />E. Design Review 30 <br />F. Development Team Review 30 <br />G. Site Review 30 <br />H. Maintenance and Operating Expense Review and Underwriting Certification 31 <br />I. Financial Feasibility 31 <br />CHAPTER 7 — SUBMISSION REQUIREMENTS 32 <br />A. Application Requirements 32 <br />1. Market Study: 32 <br />2. Narratives and Project Schedule: (submit electronically) 33 <br />3. Forms: 33 <br />4. Submittals: 34 <br />B. Carryover Requirements 39 <br />C. Placed in Service Requirements 42 <br />CHAPTER 8 — TAX EXEMPT PROJECTS SEEKING TAX CREDITS 47 <br />A. General 47 <br />B. Application for Issuance of Preliminary Determination Letter 47 <br />C. Election of Applicable Percentage 47 <br />D. Requests for Building Identification Numbers (BIN) 48 <br />E. Election of Gross Rent Floor 48 <br />F. Application for Issuance of Form 8609 48 <br />G. Tax Exempt Placed in Service 48 <br />CHAPTER 9 — FEES 52 <br />A. Application Fee 52 <br />B. Supplemental Application Fee 52 <br />C. Reservation Fee 52 <br />D. Allocation Fee 52 <br />E. Allocation Late Fee 52 <br />