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federalUnited StatesLow-Income Housing Tax Creditset_aside
Deep rent skewed projects apply a 170% available unit threshold and additional rent conditions
lihtc.deep_rent_skewed.election · v1.0.0
A project electing deep rent skewing under the 15-40 test must satisfy the additional conditions of Section 142(d)(4)(B), and the available unit rule applies at 170 percent rather than 140 percent.
Rare outside New York City. Modeled so the 170 percent threshold is not silently applied at 140 percent.
- Confidence
- medium
- Effective from
- 1990-01-01
- Last reviewed
- 2026-08-22
Citations
All sources verified within 1 day- Internal Revenue Code Section 42 - Low-income housing credit42(g)(2)(D)(iv), 42(g)(4)
- Internal Revenue Code Section 142 - Exempt facility bond, including 142(d) qualified residential rental project142(d)(4)(B)