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TierOneCarryoverApplicationAdobeFinal doc 2025

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The document from the Arkansas Development Finance Authority outlines the allocation of additional federal low-income housing tax credits for 2009. It details the application process for existing developments seeking these credits, including required documentation and deadlines. The Board prioritized projects that had previously received tax credit reservations but faced financial challenges due to market conditions. Two options are provided for owners: submitting proof of placement in service by December 31, 2009, or applying for a carryover allocation if not completed by that date. Failure to meet requirements will result in no allocation of credits.

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