SECTION .0200 ‑ REQUIREMENTS

 

04 NCAC 01G .0201          ELIGIBLE PROJECTS

The low‑income housing tax credit is available for the

acquisition, construction and rehabilitation of low‑income rental

housing.  All projects must comply with the requirements of local housing and

zoning laws and applicable state or federal laws, including Section 42 of the

Internal Revenue Code.

 

History Note:        Filed as a Temporary Rule Eff. October

16, 1987, for a Period of 120 Days to Expire on

February 13, 1988;

Filed as a Temporary Rule Eff. April 27, 1987, for a

Period of 120 Days to Expire on

August 24, 1987;

Authority G.S. 143B‑429; 143B‑430; Rev. Code

Sec. 42; Fed Reg 26 CFR 1.42‑1T;

Eff. November 1, 1987.