Content Information
All tabs within the online Application must be updated with the final Project information and all required Exhibits uploaded to the Exhibits Tab in the Application. The Application must match the submitted Exhibits. Incomplete Application packages submitted will be returned until such time a complete Application package can be submitted.
IRS Form 8609 Applications can be submitted once construction is complete, lease-up has started, and the final cost certification has been prepared. Applications are reviewed to ensure that the Project has met all QAP requirements and is at least 75% leased prior to issuance of the IRS Form 8609s.
IRS Form 8609 Applications can be submitted at any time throughout the year.
Projects in the last year of eligibility to take credits (begin credit period) are required to submit the IRS Form 8609 Application by 4:30 pm Central Time, November 1st, of that year.
The IRS Form 8609 Application Package Checklist will be available under the applicable Housing Tax Credit Round at Housing Tax Credit Resources | Economic Development & Finance Authority.
Extension Request *Only applies to Projects in the last year of eligibility to start taking credits
If a Project in the last year of eligibility to take credits requires an extension for the November 1st submission due date, use the Request Extension Tab in the Application to submit an extension request. If the extension is approved, a $5,000 late submission fee must be paid. Applications submitted after November 1st may have a delayed review time and reviewed in the order received.
IRS Form 8609 Application Fee
$20,000
LURA Recording Reimbursement Fee
The LURA recording is part of the IRS Form 8609 Application process. IFA will issue the LURA to the Owner for review and signature. Once fully executed, IFA will record the LURA and bill the Owner for the actual recording reimbursement fee.