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CAN INDIVIDUALS INVOLVED WITH PARTNERSHIPS OR CORPORATIONS PARTICIPATE IN THE IADA BOND PROGRAM?

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CAN INDIVIDUALS INVOLVED WITH PARTNERSHIPS OR CORPORATIONS PARTICIPATE IN THE IADA BOND PROGRAM?

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Top A. Yes and no. The partnerships or corporations themselves are not eligible under IRS rules. However, the individuals may have an IADA bond loan individually outside of the partnership or corporation if they meet the eligibility requirements. They may also purchase an undivided ½ interest as individuals.

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