Tax Credit Basics 17: Unit Eligibility

There are special rules which apply to the eligibility of the specific LIHTC units themselves. These rules cover issues like minimum lease terms, property standards, as well as availability of units for use by the general public. These different rules can be categorized into six areas, all of which you should be aware of. Units not meeting the eligibility rules may result in LIHTC noncompliance, even if the household occupying the unit is qualified for the LIHTC program.