Statutes, codes, and regulations
Illinois Administrative Code
Title 47 - HOUSING AND COMMUNITY DEVELOPMENTPart 355 - ILLINOIS AFFORDABLE HOUSING TAX CREDIT PROGRAM
Subpart B - AFFORDABLE HOUSING TAX CREDIT ALLOCATIONS
Section 355.201 - Authority to Allocate Affordable Housing Tax Credits

Ill. Admin. Code tit. 47 § 355.201

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Current through Register Vol. 48, No. 52, December 27, 2024
Section 355.201 - Authority to Allocate Affordable Housing Tax Credits

For any State fiscal year, an Agency may reserve and/or allocate Affordable Housing Tax Credits in an amount not to exceed the Agency Affordable Housing Tax Credit Ceiling. Any Affordable Housing Tax Credits in the Agency Affordable Housing Tax Credit Ceiling that are not reserved or allocated during that State fiscal year shall expire and shall not be reserved or allocated in any succeeding State fiscal year.

Ill. Admin. Code tit. 47, § 355.201