Modesto California Form 4421 2017-2024

Modesto California Form 4421: What You Should Know

Infrastructure Financing Program Learn about the City's Affordable Housing Tax Credit Program. Affordable Housing Tax Credit Learn about our housing affordability tax credit program. Housing Affordability Tax Credit Learn about the City of Modesto's Housing Element tax rebate program. Housing Element Tax Rebate Learn about our affordable housing tax rebate program. Affordable Housing Rebate Learn more about the City's affordable housing tax credit program. Affordable Housing Rebate Program Learn about the City's Affordable Housing Tax Credit Program and learn the rules and guidelines of the Program. Affordable Housing Tax Credit Program The City offers several rental assistance programs to qualified applicants. Affordable Housing Tax Credit & Housing Element Tax Rebate Housing Element Tax Rebate Program The City offers several housing tax rebates to qualified applicants. Affordable Housing Tax Credit (P) A tenant may be eligible for a tax credit for qualified housing purposes, for property that is for less than five years old and that has been maintained in good condition at all times. The amount of the tax credit does fluctuate from year to year (see annual report). Affordable Housing Tax Credit (J) A tenant may be eligible for a tax credit for qualified housing purposes, for property that is for less than five years old and that has been maintained in good condition at all time. The amount of the tax credit is based on the rental unit's size and location. The property must have been maintained in good condition. The tax credit may take the form of a mortgage or a grant of up to 25 percent of the property's assessed value, whichever is the greater. If used, the tenant may be eligible for income sharing or other benefits. Affordable Housing Tax Credit (Y) A tenant may be eligible for a tax credit for qualified housing purposes, for property that is for less than five years old and that has been maintained in good condition at all time. The amount of the tax credit is based on the property's size and location. The property must have been maintained in good condition. The tax credit may take the form of a mortgage or a grant of up to 25 percent of the property's assessed value, whichever is the greater. If used, the tenant may be eligible for income sharing or other benefits. Affordable Housing Tax Credit (Z) A tenant may be eligible for a tax credit for qualified housing purposes, for property that is for less than five years old and that has been maintained in good condition at all time.

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