Tax Credit Basics 19: Available Unit Rule

Duration
0 Hours
45 Minutes
Package
Tax Credit Essentials
NAA CEC Credits Available
No
Records Score
Yes
Content Provider
Grace Hill
Subject
Low-Income Housing Tax Credit (LIHTC)
Supervisor/Employee
Employee
One of the unique LIHTC compliance rules is the Available Unit Rule. This rule is invoked if a previously qualified household has an income increase above a pre-determined threshold. If this happens, there are rules in place which, if followed, will allow the unit to still be counted as a LIHTC unit. As with all LIHTC rules, you must understand the Available Unit Rule and how to apply it. This will help avoid being non-compliant.

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Languages

  • English