X hits on this document

72 views

0 shares

0 downloads

0 comments

24 / 28

AHAP Donation Credits Continued

In order for a business firm to be eligible for the Affordable Housing Assistance Tax Credit, the neighborhood organization must agree to use 100% of the donation to house families with a household income of less than 50% of the area median income adjusted for family size.  This is restricted through a LURA for 10 years.

This usually meets with RD’s goal to serve lower income tenants.

Must be applied for carefully to combine with Tax Credits at 60% of the area median income.

Document info
Document views72
Page views72
Page last viewedSun Dec 04 19:42:54 UTC 2016
Pages28
Paragraphs256
Words1388

Comments