1. a) The date of the Reservation of the Tax Credits for the Project; and
2. b) The date the Project is placed in service.

The Authority shall not allocate Tax Credits to a Project in an amount greater than the amount the Authority determines is necessary for the financial feasibility of the Project and its viability as a qualified Low-Income housing project throughout the Credit Period. In making this determination, the Authority shall consider the sources and uses of funds and the total amount of financing for the Project:

(Source: Amended at 50 Ill. Reg. 8582, effective June 4, 2026)