I read that rent limits for each unit is established so that tenant monthly housing costs, including a utility allowance, do not exceed the applicable LIHTC rent limit. So if we qualify at 40% MFI but pay rent at the 50%, isn't that out of compliance with the code?
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Rent limits in Low Income Housing Tax Credit properties
I read that rent limits for each unit is established so that tenant monthly housing costs, including a utility allowance, do not exceed the applicable LIHTC rent limit. So if we qualify at 40% MFI but pay rent at the 50%, isn't that out of compliance with the code?
Stating a discriminatory preference in an advertisement for housing is illegal. If you think this content is discriminatory or otherwise inappropriate and feel it should be removed from Zillow, please let us know by completing the information above.
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