Managing Tax Credit Properties

NOTE: Remember, if you have more than one program on your property, you should always use the most restrictive guideline.

To successfully manage a tax credit property, you must always have the following information at hand. This can be found in the Land Use Restriction Agreement (LURA) for your property:

• The number of units set aside for tax credit compliance requirements
• The applicable maximum incomes for each family size
• The maximum allowable gross rents
• The utility allowance for each unit size
• Resident services promised on the Land Use Restriction Agreement (LURA) and/or Extended Use Agreement (EUA)

The following information needs to be posted where all residents and prospective residents can see it:

• Income Limits and Rents
• Utility Allowance Chart
• Resident Selection Policy
• Late Charge Policy
• Fair Housing Poster (English and Spanish)
• Office Hours
• Emergency Phone Numbers