TITLE 47: HOUSING AND COMMUNITY DEVELOPMENT
CHAPTER II: ILLINOIS HOUSING DEVELOPMENT AUTHORITY
PART 350 LOW-INCOME HOUSING TAX CREDIT ALLOCATION
SECTION 350.211 RESERVATION OF TAX CREDITS FOR YEAR OTHER THAN CURRENT CALENDAR YEAR
CHAPTER II: ILLINOIS HOUSING DEVELOPMENT AUTHORITY
PART 350 LOW-INCOME HOUSING TAX CREDIT ALLOCATION
SECTION 350.211 RESERVATION OF TAX CREDITS FOR YEAR OTHER THAN CURRENT CALENDAR YEAR
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.