Whether your property is 100% tax credit program units or mixed-income, unique program rules affect your property and must be understood to remain compliant. Up to now, we’ve focused on rules applied at the household level. In this course, you will learn about program rules applied on the unit, building, or project level. It is also important to understand how compliance is measured. This requires knowledge of the more complicated concepts of tax credit program compliance: minimum set-aside and applicable fraction.

Some rules apply to the eligibility of the specific tax credit units themselves. These rules can be categorized into six areas and cover issues like minimum lease terms, property standards, and availability of units for use by the general public. Units not meeting the eligibility rules may result in noncompliance, even if the household occupying the unit is qualified for the tax credit program.