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The LIHTC provides funding for the development costs of low-income housing by allowing an investor (usually the partners of a partnership that owns the housing) to take a federal tax credit equal to a percentage (either 4% or 9%, for 10 years, depending on the credit type) of the cost incurred for development of the low-income units in a rental housing project.
National Equity Fund, Inc. was founded by the Local Initiatives Support Corporation to be one of the first LIHTC syndicators, following the creation of LIHTC in the Tax Reform Act of 1986. LIHTC provides investors in affordable housing a dollar-for-dollar reduction in federal taxes in exchange for equity in new or refurbished affordable housing ...
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The tests are free to U.S. military service members and some veterans. [7] [8] There is an additional fee of $10 for the optional essay portion of some of the exams. Each test usually corresponds to a one or two semester introductory course on the topic, though the Spanish, French, and German Language exams can be used to earn up to 12 credits.
The second exam is the Principles and Practice of Engineering exam. The FE exam is open to anyone with a degree in engineering or a related field, or currently enrolled in the last year of an Accreditation Board for Engineering and Technology (ABET) accredited engineering degree program. Some state licensure boards permit students to take it ...
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