3499. DEFINITIONS

3499 DEFINITIONS 3499 When used in this chapter, the following words and phrases shall have the meaning ascribed: Act - the Tax Reform Act of 1986 (Public Law 99-514). Area median income - the median income for the Washington Metropolitan Statistical Area as determined by HUD for the Section 8 Program. Department - the District of Columbia Department of Housing and Community Development. Director - the Director of the District of Columbia Department of Housing and Community Development. Low income units - units set-aside for households meeting the income and other requirements of the Act. Multi-family housing - a rental housing accommodation containing five (5) or more dwelling units. Non-profit developer applicants - an organization eligible under §501(c)(3) or (4) of the Internal Revenue Code, one of whose purposes includes the fostering of low income housing. Placed in service - the date a Certificate of Occupancy is issued for an eligible property. Tax credit - the credit which may be claimed on a federal income tax return for investment in low income housing, pursuant to §252 of the Tax Reform Act of 1986. SOURCE: Final Rulemaking published at 34 DCR 7308, 7313 (November 13, 1987); as amended by Emergency Rulemaking published at 51 DCR 7652 (August 6, 2004)[EXPIRE].