For a qualifying LIHTC unit outside a qualified census tract the cap runs off the tax credit rent, not the FMR

pbv.rent.tax_credit_unit_cap · v1.0.0

Where a contract unit receives a low-income housing tax credit, is not in a qualified census tract, has comparable tax credit units of the same bedroom size in the same building that carry no rental assistance other than the credit, and the tax credit rent exceeds the applicable fair market rent or exception payment standard, the rent to owner must not exceed the lowest of an amount determined by the PHA under its Administrative Plan not exceeding the tax credit rent minus any utility allowance; the reasonable rent; or the rent requested by the owner.

Confidence

high

Effective from

2024-06-06

Last reviewed

2026-08-22