One of the unique LIHTC compliance rules is the full-time student rule. This rule is applied at the household level and states that households comprised of all full-time students are not eligible for the LIHTC program. However, there are certain exemptions that may apply to student households and allow them to be exempt from the rule. As with all LIHTC rules, you must understand the full time student rule and how to apply it. This will help avoid being non-compliant.
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