PuSH Seller's Tax Credit Application

This PuSH Seller's Tax Credit application is to be completed by the prospective purchaser of the property. Once submitted, OHCS staff will review and a response can be expected within 30 days.


Refer to the PuSH Seller’s Tax Credit Manual or webpage for more information.

Applicant's Information

Phone

Seller's Information

Seller's Entity Type*

Please note: The PuSH Seller's Tax Credit cannot be sold or transferred.

Eligibility

Does the seller have an "identity of interest" with the purchaser (marriage, blood relation, or business relationship)?*

Please list the number of years or the date of the most recent transaction, if available, and where you found the information.

Transaction Details

Is the property within OHCS' portfolio?*

List the number of units by bedroom count and affordability level.

List the number of units by bedroom count and affordability level.


Note: Rents for existing units that do not currently have affordability restrictions must be set at a maximum of 80% AMI.

Note: A minimum affordability period of 30 years is required for all units.

Will you apply for other funding from OHCS?*

Month, Year

An estimate will suffice.


Note: The tax credit award is calculated as a percentage of the final sale price or appraisal value, whichever is lower.

Multiply the final sales price or appraisal value (whichever is lower) by 2.5% if the seller has owned the property for 5-10 years OR by 5% if the seller has owned the property for 10 years or more.

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