01. Definitions. For the purposes of this chapter, the term: (1) 'Administrative costs' means the costs of the Department to administer, manage, and monitor the low-income housing tax credit program, including personnel costs, whether incurred before or after April 8, 2005. (2) 'Department' means the Department of Housing and Community Development. (3) 'Developer' means a person or entity that proposes to cause the construction affordable housing using tax credits provided under the Low-Income Housing Tax Credit Program. (4) 'Fund' means the Low-Income Housing Tax Credit Fund established by § 42-2853.02. (5) 'Low-Income Housing Tax Credit Program' means the program authorized by section 42 of the Internal Revenue Code [26 U.S.C. § 42]. (6) 'User fee' means a fee charged by the Department to a developer in connection with the Low-Income Housing Tax Credit Program, including application, reservation, allocation, and monitoring fees. (Apr. 8, 2005, D.C. Law 15-299, § 2, 52 DCR 1502.) Emergency Legislation For temporary (90 day) fund provisions, see § 2 of Low-Income Housing Tax Credit Non-Reverting/Non Lapsing Proprietary Fund Emergency Act of 2004 (D.C. 5-299, § 2, 52 DCR 1502.) Emergency Legislation For temporary (90 day) fund provisions, see § 2 of Low-Income Housing Tax Credit Non-Reverting/Non Lapsing Proprietary Fund Emergency Act of 2004 (D.C. Act 15-511, August 2, 2004, 51 DCR 8969). For temporary (90 day) fund provisions, see § 2 of Low-Income Housing Tax Credit Fund Congressional Review Emergency Act of 2004 (D.C. Act 15-730, January 19, 2005, 52 DCR 1958). For temporary (90 day) fund provisions, see § 2 of Low-Income Housing Tax Credit Fund Congressional Review Emergency Amendment Act of 2005 (D.C. Act 16-39, February 17, 2005, 52 DCR 3037). Temporary Legislation For temporary (225 day) amendment of section, see § 2 of Low-Income Housing Tax Credit Fund Temporary Act of 2004 (D.C. Law 15-230, March 16, 2005, law notification 52 DCR 3556). References in Text Section 42 of the Internal Revenue Code, referred to in par. (5), is classified to 26 U.S.C. § 42.
District of Columbia Legal Code