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. (2) “Department” means the Department of Housing and Community Development, or its successor agency. (3) “Developer” means a person or entity that proposes to cause the construction of affordable housing using tax credits provided under the District of Columbia’s Low-Income Housing Tax Credit Program. (4) “Director” means the Director of the Department. (5) “District of Columbia low-income housing tax credit” means the tax credit established by § 47-4802 pursuant to the Low-Income Housing Tax Credit Program. (6) “Low-Income Housing Tax Credit Program” means the program authorized by section 42 of the Internal Revenue Code of 1986, approved October 22, 1986 (100 Stat. 2085; 26 U.S.C. § 42) (“1986 Internal Revenue Code”). (7) “Pilot period” means the initial year of the credit program established under this chapter. (8) “Qualified project” means a rental housing development that receives an allocation of federal Low-Income Housing Tax Credits from the Department. (9) “User fee” means a fee charged by the Department to a developer in connection with the District of Columbia's Low-Income Housing Tax Credit Program, including application, reservation, allocation, and monitoring fees.