Applicable fraction is the percentage of a building that is treated as low-income use and generally eligible for the LIHC. The applicable fraction is the lesser of the unit fraction or the floor space …

Apr 1, 2006 · The highest possible applicable fraction for a building is 100%. Typically, owners set the applicable fraction for buildings higher than the minimum set-aside so that, from an …

STEP 2: APPLICABLE FRACTION and QUALIFIED BASIS. The “applicable fraction” is the percentage of a Section 42 property that is dedicated to serving low-income housing residents.

Applicable Fraction The Applicable Fraction is the portion of rental units that are qualified low-income units; determined as the lesser of square footage or number of units. To qualify, the …

The applicable fraction is the percentage of rental units in a building that qualify as low-income units. The taxpayer reports the applicable fraction on Form 8609-A, Annual Statement for Low-

For purposes of subparagraph (A), the term “ applicable fraction ” means the smaller of the unit fraction or the floor space fraction. the denominator of which is the number of residential rental …

Feb 20, 2020 · Applicable Fraction. After the Eligible Basis is determined, the developer needs to determine the Applicable Fraction, or the ratio of the building that qualifies as low-income …

Feb 2, 2023 · The amount of low-income housing tax credits (LIHTCs) that a building will generate is driven by the building’s eligible basis and applicable fraction, with the applicable fraction …

Applicable Fraction That portion of a tax credit building occupied by tax credit eligible families Applicable fraction (A/F) is the lesser of: The Unit Fraction – Percentage of units in a building …

Applicable fraction: The applicable fraction is the percentage of a building that is eligible for receiving low-income housing tax credits (LIHTC). The applicable fraction is determined by the …