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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.

Do landlords verify income?

By fsol|2020-02-21T11:11:07-05:00February 21st, 2020|Managed Sites|

Yes. If you're considering applying for a low-income apartment at a tax credit property, expect that the landlord or property

Are assets counted as income?

By fsol|2020-02-21T11:10:37-05:00February 21st, 2020|Managed Sites|

No. Assets themselves aren't counted as income. However, any income that an asset produces is customarily counted when determining the

Are trusts counted as part of household income?

By fsol|2020-02-21T11:10:17-05:00February 21st, 2020|Managed Sites|

Trusts are often counted in some way as part of household income. How a landlord should determine how to treat

As part of household income, are annuities counted?

By fsol|2020-02-21T11:10:23-05:00February 21st, 2020|Managed Sites|

If you have a retirement or other annuity, there's a good chance it will need to be counted in some

Do I get to claim a tax credit?

By fsol|2020-02-21T11:10:28-05:00February 21st, 2020|Managed Sites|

No. The tax credit program gets its name because owners of participating properties receive valuable tax credits in return for

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