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.