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Click ‘Get Form’ to open it in the editor.
Begin by entering your name(s) as shown on your California tax return, along with your SSN, ITIN, CA Corporation number, or FEIN in the designated fields.
For Part I, indicate if the eligible basis of any project has decreased since you received form CTCAC 3521A. Select 'Yes' or 'No' and complete Part III if applicable.
Fill in the current year credit amount in line 2 and any affiliated corporation credits in line 3. Ensure all calculations are accurate for lines 4 through 11 to determine your total available low-income housing credit.
If applicable, complete Part II for carryover computation by entering amounts on lines 12a and 12b. Calculate the credit carryover available for future years on line 13.
If necessary, complete Part III for basis recomputations by providing details for each building involved.
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Property Tax Exemptions to Facilitate Affordable Housing
by R Ozer-Bearson 2025 Cited by 1 Since 2020, over 160,000 homes in. California that were formerly identi- fied as unsubsidized affordable housing are no longer affordable to low-income.Read more
Part I Section 42.--Low-Income Housing Credit (Also
Section 42(a) provides for a credit for investment in certain low-income housing buildings. Taxpayer elected on Form 8609, Low-Income Housing Credit Allocation
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