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.
Short Courses
Income Increases and the Available Unit Rule
Examples of the Available Unit Rule
Back to Course Title