Deep rent skewing raises the continuing-resident threshold to 170 percent and changes the triggering lease

bond.next_available_unit.deep_rent_skewed_170_percent · v1.0.0

Where the deep rent skewing election is in force, the second sentence of 142(d)(3)(B) is read with two substitutions: 170 percent replaces 140 percent, and the triggering event becomes the occupancy of ANY low-income unit in the same project by a new resident whose income exceeds 40 PERCENT OF AREA MEDIAN GROSS INCOME, in place of the occupancy of any comparable or smaller unit by a new resident whose income exceeds the applicable income limit. Both halves change. The comparison set stops being size-based and becomes designation-based, and the income screen on the incoming resident drops from the project's 50 or 60 percent limit to a flat 40 percent of AMGI. An operator who applies only the 170 percent number and keeps the comparable-or-smaller comparison is applying the rule wrongly in the owner's favour.

Confidence

high

Effective from

1986-10-22

Last reviewed

2026-08-30