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The federal low-income housing tax credit program has been successful since 1987 in providing low-income tenants with decent apartments at an affordable rent. If you’re looking for an apartment at a tax credit property, there are certain things you should know before you apply. These are answers to commonly asked questions about the federal low-income housing tax credit program.

Will there be market-rate tenants in the building?

By fsol|2020-02-21T11:15:57-05:00February 21st, 2020|Managed Sites|

There may be. Many tax credit properties include some low-income apartments and some market-rate apartments.

Can I rent on a month-to-month basis?

By fsol|2020-02-21T11:15:36-05:00February 21st, 2020|Managed Sites|

When you first sign the lease for an apartment at a tax credit property, it must be for a term

Will I need to sign a special lease?

By fsol|2020-02-21T11:13:20-05:00February 21st, 2020|Managed Sites|

No. The tax credit program doesn't require landlords to have tenants sign a special lease. But you may find a

Does the number of people in my household affect eligibility?

By fsol|2020-02-21T11:12:34-05:00February 21st, 2020|Managed Sites|

Yes. The number of people in your household affects whether you can qualify for a low-income unit at a tax

How exactly is my rent calculated?

By fsol|2020-02-21T11:12:10-05:00February 21st, 2020|Managed Sites|

The rent is calculated based on the number of bedrooms in the apartment, and not the actual number of people

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