Tax Credit Basics 20: Unit Transfers and the Unit Vacancy Rule

Two additional unique LIHTC compliance rules are the Unit Transfer and the Unit Vacancy Rules. While the LIHTC program allows for unit transfers, there are specific guidelines which must be followed. Most important, when it comes to maintaining your property's applicable fraction, is knowing when a transfer is considered a swap, and when you need to re-qualify the household. You will learn important definitions related to the Unit Vacancy Rule and how to document reasonable attempts and unit availability.