Multifamily owners provide tips from their experiences in applying for and getting approved for an allocation under Category 3 of Department of Energy’s LowIncome Communities Bonus Credit Program (also known as the ‘20% EJ Adder’). This bonus, on top of the 30% base investment tax credit (ITC), will help them to fund 50% of their solar projects at HUDassisted multifamily properties.
Disclaimers:
This presentation provides information on certain components of the LowIncome Communities Bonus Credit Program. This presentation will not cover all aspects of the Program.
This presentation represents the views of those participating in the presentation only (HUD and certain stakeholders) and no other Federal entities.
Please refer to the official IRS guidance (Revenue Procedure 202419 and Treasury Regulations 1.48(e)1) for complete information on eligibility requirements and the application process.
The information provided in this presentation should not be considered tax advice or tax filing support. Please consult a tax professional, accountant, or attorney if you need taxrelated assistance.