Indiana Extends LIHTC Deadlines, Changes Application Deadlines

Friday, April 10, 2020 - 8:45am

The Indiana Housing & Community Development Authority (IHCDA) instituted two forms or relief for low-income housing tax credit (LIHTC) properties due to the COVID-19 pandemic and altered the application plan for both 4 percent and 9 percent LIHTCs. The IHCDA will grant a six-month extension to meet the 10 percent test for properties that received a 2019 allocation of LIHTCs and will grant a 12-month extension of the placed-in-service deadline for properties that received a 2018 allocation of LIHTCs, extending the deadline to Dec. 31, 2021. The next application deadline for 9 percent LIHTCs will be delayed from July 27 until 120 days after the end of the stay-at-home restrictions and IHCDA will not accept any new 4 percent LIHTC applications.

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