Form 8823 for Palmdale California 2023-2025

Form 8823 for Palmdale California: What You Should Know

The database is  currently maintained by the California Department of Housing and Community Development under the Office of the California  Housing Agency. [1] Aug 23, 2025 — The California Low Income Housing Tax Credit Law (CLIC) was amended  to authorize a tax credit on taxable income derived from a qualified affordable housing project (Qualified Affordable  Housing) that is located in any city, county, or area in California that has (before the date of the amendment) a rating of  B- or better from the Community Affordability Rating System (CARS). This provision became effective July 1, 2010 [2] and  subsection (c) was amended to authorize the City of Palmdale to participate in the program on a voluntary basis as  an alternative to filing a State Tax Credit application. [3] ▷ If you are filing a State tax credit application,  • Do submit the complete tax credit application form in full, including credit application fee, to the  City of Palmdale, together with copies of any documents and supporting evidence that apply. • Do submit original receipts for any rental assistance payments (e.g., rent credit card statement,  rental agreement, lease, or other agreement) for each unit paid from your own (qualified) income to the  State. • Do submit any required financial disclosures form that you received from a qualified housing development,  such as a building plan, budget, or certificate of occupancy. • You may submit original tax receipts for tax credit payments made from your own/qualifying income (not from a qualified housing developer)  to the City of Palmdale. • Make sure to include copies of any documents and supporting evidence that you provided to the City showing the qualified expenses and gross income for  each unit paid from your qualifying income. •• In order for the City of Palmdale to participate in the Low-Income Housing Tax Credit program, you  must complete the Low-Income Housing Tax Credit (ITC) Application. ▷ You should submit the application electronically to the Community Affordability Rating system online at the  link provided on the back of Form 8609.

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