Posts tagged LIHTC.
South Carolina enacted a state low income housing tax credit on May 14, 2020. An overview of the credit, which mirrors the federal credit, can be found here.
The South Carolina State Housing Finance and Development Authority (SC Housing) is required to issue an eligibility statement in order for a project to receive the state LIHTC. The eligibility statement also specifies the amount of the state LIHTC a project will receive. SC Housing has now issued a policy document to set forth the procedures to obtain an eligibility statement, which can be found here.
The SC Housing policy sets forth ...
Posted in: Property Tax, South Carolina Tax