Laserfiche WebLink
202201"306 <br />TAX CREDIT INFORMATION - <br />Allocation of Federal Low Income Housing Tax Credits: $256,000 <br />Allocation of Nebraska Affordable Housing Tax Credits: $256,000 <br />Occupancy Date: The date(s) set forth in the Table above under THE PROJECT. <br />Nonprofit Set -Aside: No <br />Project Subject to a Right of First Refusal: Yes <br />Name of Entity entitled to the Right of First Refusal: Midwest Housing Initiatives, Inc. <br />Contact Information: Corey Vandewege <br />Income Election Set -Aside for IRS purposes <br />Applicable Set -Aside Percentage: 40% <br />Applicable Income Percentage: 60% <br />Income Averaging Set -Aside (The average area median income designation of all units must <br />be 60% or less): <br />(Complete the table below if the Income Averaging Set -Aside has been elected and the <br />Project has an applicable fraction of 100%) <br />Number of Units <br />Number of <br />Bedrooms <br />AMI Designation <br />Targeted Rent Levels <br />10 % of the Qualified Units (4 units) will have overall rents affordable at or below 40 % <br />of the applicable area median income. <br />40 % of the Qualified Units (15 units) will have overall rents affordable at or below 50 % <br />of the applicable area median income. <br />Affordability Period <br />Required Number of Years: _45_ Total Years (Compliance Period: 15 years plus Extended <br />Use period 30 years) <br />Final 12/21 <br />