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

Duration
0 hours
45 minutes
Language
English
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.
Short Courses
Unit Transfers
The Unit Vacancy Rule