Statutes, codes, and regulations
Illinois Administrative Code
Title 47 - HOUSING AND COMMUNITY DEVELOPMENTPart 350 - LOW-INCOME HOUSING TAX CREDIT ALLOCATION
Subpart B - LOW-INCOME HOUSING TAX CREDIT ALLOCATIONS
Section 350.211 - Reservation of Tax Credits for Year Other Than Current Calendar Year

Ill. Admin. Code tit. 47 § 350.211

Download
PDF
Current through Register Vol. 48, No. 52, December 27, 2024
Section 350.211 - Reservation of Tax Credits for Year Other Than Current Calendar Year

The Authority may approve a Sponsor's Application for a calendar year subsequent to the year of the Application, thereby reserving the Tax Credits from the Authority Housing Credit Ceiling for the subsequent year, if the Project meets the requirements of this Part. Such approval shall be contingent upon the availability of the Authority Housing Credit Ceiling for the subsequent year.

Ill. Admin. Code tit. 47, § 350.211