[Code of Federal Regulations] [Title 26, Volume 1] [Revised as of April 1, 2003] From the U.S. Government Printing Office via GPO Access [CITE: 26CFR1.42-0] [Page 136] TITLE 26--INTERNAL REVENUE CHAPTER I--INTERNAL REVENUE SERVICE, DEPARTMENT OF THE TREASURY PART 1--INCOME TAXES--Table of Contents Sec. 1.42-0 Table of contents. This section lists the paragraphs contained in Secs. 1.42-1 and 1.42-2. Sec. 1.42-1 [Reserved] Sec. 1.42-2 Waiver of requirement that an existing building eligible for the low-income housing credit was last placed in service more than 10 years prior to acquisition by the taxpayer. (a) Low-income housing credit for existing building (b) Waiver of 10-year holding period requirement (c) Waiver requirements (1) Federally-assisted building (2) Federal mortgage funds at risk (3) Statement by the Department of Housing and Urban Development or the Farmers' Home Administration (4) No prior credit allowed (d) Application for waiver (1) Time and manner (2) Information required (3) Other rules (4) Effective date of waiver (5) Attachment to return (e) Effective date of regulations [T.D. 8302, 55 FR 21189, May 23, 1990]