Carryover – Ten Percent Test Application (9% Projects Only)
Projects not able to meet the submission deadline set forth in the QAP and the carryover allocation agreement must request an extension prior to the submission due date. If approved, a $5,000 late submission invoice will be created and payable on the Fees Tab in the Application.
- Developer or General Partner/Managing Members, or Affiliates thereof, may lose a point as set forth in 9% QAP Part A, Section 6.4B. for requesting and having an extension approved.
- IFA may not extend the submission deadline beyond the one-year requirement as set forth by the IRS for the Project to meet the terms of the carryover allocation.
Request Extension
- Select the Request Extension Tab.
- Enter the reason for the extension and the date extension is requested to (date not guaranteed to be approved). IFA may approve an alternate date.
- IFA will email approval or denial of the extension request.
8609 4% PROJECTS
If the November 1st submission deadline cannot be met an extension request must be submitted by selecting the Request Extension Tab at the top of the Application. A $5,000 late submission fee is charged to all Projects with an approved extension request.
- Applications submitted after November 1st may have a delayed review time and reviewed in the order received.
8609 9% PROJECTS
*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, submit an extension request using the Request Extension Tab in the Application. A $5,000 late submission fee is charged to all Projects with an approved extension request.
- Applications submitted after November 1st may have a delayed review time and reviewed in the order received.
Request Extension
- Select the Request Extension Tab.
- Enter the reason for the extension and the date extension is requested to (date not guaranteed to be approved). IFA may approve an alternate date.
- IFA will email approval or denial of the extension request.