Federal Low-Income Housing Credit Allocation and Certification

Low-Income Housing Credit Allocation and Certification
Form 8609 (Rev. December 2021)
Form

8609

Low-Income Housing Credit Allocation
and Certification

(Rev. December 2021)
Department of the Treasury
Internal Revenue Service

Part I
Check if:

▶

OMB No. 1545-0988

Go to www.irs.gov/Form8609 for instructions and the latest information.

Allocation of Credit
Addition to Qualified Basis

Amended Form

A

Address of building (do not use P.O. box) (see instructions)

B

Name and address of housing credit agency

C

Name, address, and TIN of building owner receiving allocation

D

Employer identification number of agency

E

Building identification number (BIN)

TIN ▶

1a

Date of allocation ▶

b Maximum housing credit dollar amount allowable .

2

Maximum applicable credit percentage allowable (see instructions) .

.

.

.

.

.

.

.

.

1b
2

.

%

3a

3a Maximum qualified basis . . . . . . . . . . . . . . . . . . . . . . . .
b Check here ▶
if the eligible basis used in the computation of line 3a was increased under
the high-cost area provisions of section 42(d)(5)(B). Enter the percentage to which the eligible
basis was increased (see instructions) . . . . . . . . . . . . . . . . . . .

1
%
3b
4
Percentage of the aggregate basis financed by tax-exempt bonds. (If zero, enter -0-.)
. . .
4
%
5a Date building placed in service . . . . . . . . . . . . . . . . ▶
b Check here ▶
if the date of allocation on line 1a is in calendar year 2021 or 2022 and the
building is located in a qualified disaster zone (see instructions).
6
Check the boxes that describe the allocation for the building (check those that apply):
a
Newly constructed and federally subsidized b
Newly constructed and not federally subsidized c
Existing building
d
Sec. 42(e) rehabilitation expenditures federally subsidized e
Sec. 42(e) rehabilitation expenditures not federally subsidized
f
Allocation subject to nonprofit set-aside under sec. 42(h)(5)

Signature of Authorized Housing Credit Agency Official—Completed by Housing Credit Agency Only
Under penalties of perjury, I declare that the allocation made is in compliance with the requirements of section 42 of the Internal Revenue Code, and
that I have examined this form and to the best of my knowledge and belief, the information is true, correct, and complete.

Name (please type or print)

▲

▲

▲

Signature of authorized official

Date

Part II

First-Year Certification—Completed by Building Owners with respect to the First Year of the Credit Period
7
Eligible basis of building (see instructions) . . . . . . . . . . . . . . . . . .
7
8a Original qualified basis of the building at close of first year of credit period . . . . . . .
8a
b Are you treating this building as part of a multiple building project for purposes of section 42
(see instructions)? . . . . . . . . . . . . . . . . . . . . . . . . . .
Yes
9a If box 6a or box 6d is checked, do you elect to reduce eligible basis under section 42(i)(2)(B)?
b For market-rate units above the average quality standards of low-income units in the building, do you elect
to reduce eligible basis by disproportionate costs of non-low-income units under section 42(d)(3)(B)? . ▶

Yes

No
No

Yes

No

Yes
Yes

No

10

Check the appropriate box for each election.
Caution: Once made, the following elections are irrevocable.
a Elect to begin credit period the first year after the building is placed in service (section 42(f)(1)) ▶
b Elect not to treat large partnership as taxpayer (section 42(j)(5)) . . . . . . . . . . ▶
c Elect minimum set-aside requirement (section 42(g)) (see instructions):
20-50
40-60
Average income
25-60 (N.Y.C. only)
d Elect deep rent skewed project (section 142(d)(4)(B)) (see instructions) . . . . . . . . .

15-40

Under penalties of perjury, I declare that I have examined this form and accompanying attachments, and to the best of my knowledge and belief, they
are true, correct, and complete.
Taxpayer identification number

▲

Name (please type or print)

▲ ▲

▲ ▲

Signature

Date

First year of the credit period

For Privacy Act and Paperwork Reduction Act Notice, see separate instructions.

Cat. No. 63981U

Form 8609 (Rev. 12-2021)