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About the Housing Tax Credit Program
Maximum income
limits apply to all tenants in our affordable apartment complex
for seniors. The anticipated income of all persons expecting to
occupy the unit within the 12-month certification period must be
verified and included on an application and income certification
form prior to occupancy, and you will be required to have your
financial status reviewed annually.
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Maximum Income Limits
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Occupants
1
2
3
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Income
$28,740
$32,820
$36,960
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Section 8 Vouchers
Accepted
HTC
Enacted in the Tax
Reform Act of 1986, the Housing Tax Credit (HTC) is designed to
secure private equity capital for the development of affordable
rental housing. The HTC can provide as much as 55%-60% of the total
development cost which reduces the amount of debt financing in
affordable rental housing developments. This allows lower rents and
greater affordability.
The HTC is an excellent community investment tool. It is responsible
for the development of more than 20,000 units in Kansas.
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