AGENCY: Utah Housing Corporation

SERIES: 12491
TITLE: Low income housing tax credit application files
DATES: 1986-
ARRANGEMENT: Chronological, thereunder numerical by order as received in office.

DESCRIPTION: These records document tax credits applied for and received by developers who want to build low income housing, as specified by 26 CFR 1.42-1T (1992). The information includes an application packet which identifies the applicant, proposed ownership of the housing development, number of units, cost, rent proposals, legal status of applicant, and federal identification number. Also included are tax credit calculations, an appraisal report, updates on the project, income and rent restrictions by county, allocation certificate (Internal Revenue Service form 8609), site data, neighborhood descriptions, and maps. These records are microfilmed on an annual basis after March 1.

RETENTION

Retain for 100 year(s)

DISPOSITION

Destroy.

RETENTION AND DISPOSITION AUTHORIZATION

Retention and disposition for this series were specifically approved by the State Records Committee.

APPROVED: 09/1994

FORMAT MANAGEMENT

Paper: Retain in Office for 1 year and then transfer to State Records Center. Retain in State Records Center for 99 years and then destroy.

Microfilm master: Retain in State Records Center for 60 years and then destroy.

Microfilm duplicate: Retain in Office for 60 years and then destroy.

APPRAISAL

Administrative

This disposition is based on the administrative needs expressed by the agency. Also, 26 CFR 1.42-1T (1992) indicates that the compliance period for tax credits is approximately 21 years.

PRIMARY DESIGNATION

Public

SECONDARY DESIGNATION

Private. Developers' financial statements

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