Basic Requirements

For a unit to be counted as a Tax Credit unit, the following six conditions must be met:

All units in the same building identification number must be certified by qualified households.
The resident's income may not exceed the applicable income limit for your community (at time of move- in).
The rent paid by the resident plus allowance for resident-paid utilities may not exceed the maximum allowable rent for that unit.
The physical condition of that unit must meet local health, safety and building codes.
Owner/manager must execute a lease of no less than seven months with the resident.
Owner/manager must list the unit as an eligible unit on reports submitted to the state or local agencies.
Owner/manager must re-examine the resident's eligibility annually and maintain rents at or below applicable rent limits.

For a unit to be counted as a Tax Credit unit, the following six conditions must be met:

All units in the same building identification number must be certified by qualified households.
The resident's income may not exceed the applicable income limit for your community (at time of move- in).
The rent paid by the resident plus allowance for resident-paid utilities may not exceed the maximum allowable rent for that unit.
The physical condition of that unit must meet local health, safety and building codes.
Owner/manager must execute a lease of no less than seven months with the resident.
Owner/manager must list the unit as an eligible unit on reports submitted to the state or local agencies.
Owner/manager must re-examine the resident's eligibility annually and maintain rents at or below applicable rent limits.