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WHAT HAPPENS TO LOW–INCOME HOUSING TAX CREDIT PROPERTIES AT YEAR 15 AND BEYOND? WHAT HAPPENS TO LOW–INCOME HOUSING TAX CREDIT PROPERTIES AT YEAR 15 AND BEYOND?
HUD LIHTC DATABASE DATA COLLECTION FORM OMB APPROVAL NO. 2528-0165 (EXP. 05/31/2013
INSTRUCTIONS
State: Enter the Postal Service two-character abbreviation for your state.
Project Identifying Number: Enter the Project Identication Number. If there is not an established method of assigning PINs, HUD
recommends using the following format: State Postal Abbreviation - Allocation Year – First two digits of BIN; e.g. CT-10-01.
Project Name: Enter the name of the project. Do not enter a partnership name (e.g., Venture Limited II).
Project Address: Enter the complete address of the property, including address number and street name, city, state, and ZIP Code.
If the project has multiple addresses (e.g., 52-58 Garden Street), please provide the address range. Also, please provide the address for
each building (BIN). Do not enter a P.O. Box.
Building Identification Number and Address: Enter the Building Identication Number (BIN) assigned to the building (from IRS
Form 8609). According to IRS Notice 88-91, the BIN consists of a two-character state postal abbreviation followed by the two-digit
designation representing the allocation year, and a ve-digit numbering designation. For example, the identication number for one
of 25 buildings allocated a credit in 2010 by the Connecticut Housing Finance Authority (the only housing credit allocating agency in
the state) might read CT-10-01001 .
Owner’s Contact Name, Address and Phone Number: Enter the name, address and phone number of the owner or owner’s contact
person. is will often be a representative of the general partner. is information will be used for future mail or telephone contacts
regarding the development. As such, we need an individual and company name and address as opposed to the partnership name.
Annual Amount of Tax Credits Allocated: Enter the total dollar amount of federal tax credits that may be claimed each year by the
owners of this project.
Number of Total Units: Enter the total number of units in the project, summing across buildings if needed.
Number of Total Units by Size: Enter the number of units in the project (summing across buildings if necessary) that have 0, 1, 2, 3,
or 4 or more bedrooms. Make sure the units sum to the total number of units in project.
Number of Low-Income Units: Enter the number of units the in project (summing across buildings if necessary) that were qualied
to receive Low-Income Housing Tax Credits when the building(s) was/were placed in service.
Elected Rent/Income Ceiling: Indicate whether the project qualies for tax credits with units set aside for tenants with income less
than or equal to 50% of Area Median Gross Income (AMGI) or 60% of AMGI. “1” =50% or ”2”=“60%
Units Below Elected Rent/Income Ceiling: Check yes if any units in the project have rent levels set below the elected maximum. If
yes, enter the number of units which meet this criteria. “1” =yes; “2”=no
Year Placed in Service: Enter the year the project was placed in service. If this is a multiple building project, with more than one
placed in service date, enter the most recent date. Placement in service date is available from IRS Form 8609, Item 5.
Year Project Received Allocation or Bond Issued: Enter the initial allocation year for which tax credits were awarded for the project. Alloca-
tion date is available from IRS Form 8609, Item 1a. If the project received multiple allocations, use earliest allocation year. If no allocation
was required (i.e., 50 percent or greater tax-exempt bond nanced) and IRS Form 8609 Item 1a is blank, enter the year the bond was issued.
Type (New Construction or Acquisition/Rehab): Enter the production type for which the project is receiving tax credits, i.e., a newly
constructed project and/or one involving rehabilitation. If the project involves both New Construction and Rehab, check both boxes. (Con-
struction type can be inferred from IRS Form 8609, Item 6. If box a or b is checked, the building is new construction. If box c and d or e is
checked, the building is acquisition/rehab.) “1”=New Construction; “2”=Acquisition and Rehab; “3”=Both New Construction and A/R
Credit Percentage: Indicate the type of credit provided: 9% credit (70% present value) or 4% (30% present value). Maximum ap-
plicable credit percentage allowable is available from IRS Form 8609, Item 2. e entry on the 8609 is an exact percentage for the
project and may include several decimal places (e.g., 8.89% or 4.2%). Please check the closest percentage -- either 9 or 4 percent. e
box marked “Both” may be checked for where acquisition is covered at 4% and rehab at 9%. “1”= 4% credit (30% present value); “2”=
9% credit (70% present value); “3”=both
Non-profit sponsor? Check yes if the project sponsor is a 501(c)(3) nonprot entity. Use the same criteria for determining projects to
be included in the 10 percent non-prot set aside. “1”=yes; “2”=no
U.S. DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT PAGE 3 OF 4 HUD LIHTC DATABASE DATA COLLECTION FORM
PREVIOUS EDITIONS UNUSABLE REVISED MAY 2010
APPENDIX A