Research requirements
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Showing 21–40 of 95 results
- federalUnited StatesLIHTCAn applicant may not be refused solely because they hold a Housing Choice VoucherRequirement excerpt: The extended use agreement must prohibit, and the owner must not engage in, the refusal to lease to a holder of a voucher under Section 8 because of the status of the prospective tenant as such a holder.Read conditions and sources →
- federalUnited StatesLIHTCReview limitationsAn assistance animal is a reasonable accommodation, not a pet, and a no-pets policy must yieldRequirement excerpt: An animal that a person with a disability needs in order to have equal opportunity to use and enjoy a dwelling is a reasonable accommodation under 24 CFR 100.204, not a pet. A no-pets policy, a breed or weight restriction, or a pet fee…Read conditions and sources →
- federalUnited StatesLIHTCAn energy consumption model must weigh the prescribed factors and be prepared by a licensed engineer or an agency-approved qualified professional unrelated to the ownerRequirement excerpt: A building owner may calculate utility estimates using an energy and water and sewage consumption and analysis model. The model must at a minimum take into account unit size, building orientation, design and materials, mechanical systems,…Read conditions and sources →
- federalUnited StatesLIHTCReview limitationsAn existing housing programme must be readily accessible when viewed in its entiretyRequirement excerpt: A recipient must operate each existing housing programme or activity receiving federal financial assistance so that the programme or activity, WHEN VIEWED IN ITS ENTIRETY, is readily accessible to and usable by individuals with…Read conditions and sources →
- federalUnited StatesLIHTCAn extended use agreement must be executed and recordedRequirement excerpt: No credit is allowable unless an extended low-income housing commitment is in effect at the end of the taxable year, recorded as a restrictive covenant enforceable by the agency and by individual beneficiaries, running for at least 30 years…Read conditions and sources →
- federalUnited StatesLIHTCReview limitationsAn occupancy policy must be reasonable; two persons per bedroom is a starting point, not a safe harborRequirement excerpt: An owner may adopt an occupancy policy limiting the number of persons per unit, and the Fair Housing Act does not limit the applicability of reasonable local, state or federal restrictions on the maximum number of occupants. HUD's…Read conditions and sources →
- federalUnited StatesLIHTCReview limitationsAn owner is directly liable for a third party's discriminatory conduct it knew of and had power to correct, and evicting the victim is not a correctionRequirement excerpt: A person is directly liable for their own conduct that results in a discriminatory housing practice; for failing to take prompt action to correct and end a discriminatory housing practice by their employee or agent where they knew or should…Read conditions and sources →
- federalUnited StatesLIHTCAn owner may calculate the allowance with the HUD Utility Schedule Model on rates no older than 60 days before the 90-day periodRequirement excerpt: A building owner may calculate a utility estimate using the HUD Utility Schedule Model, which HUD publishes on the Low-Income Housing Tax Credits page of HUD USER. The utility rates entered into the model must be no older than the rates in…Read conditions and sources →
- federalUnited StatesLIHTCReview limitationsAn owner may not ask whether an applicant has a disability or about its nature or severityRequirement excerpt: It is unlawful to inquire whether an applicant, a person who intends to reside in the dwelling, or anyone associated with them has a disability, or to inquire as to the nature or severity of a disability. Five inquiries remain permitted…Read conditions and sources →
- federalUnited StatesLIHTCReview limitationsAn owner may not raise the security deposit for a modification and may condition it only as the rule permitsRequirement excerpt: An owner may condition permission for a reasonable modification only on the conditions the regulation allows: a reasonable description of the proposed work, reasonable assurances that it will be done in a workmanlike manner and that…Read conditions and sources →
- federalUnited StatesLIHTCAn RHS-assisted building must use the Rural Housing Service method for every rent-restricted unit in itRequirement excerpt: If a building receives assistance from the Rural Housing Service, the applicable utility allowance for ALL rent-restricted units in that building is the allowance determined under the method prescribed by RHS for the building. This holds…Read conditions and sources →
- federalUnited StatesLIHTCAnnual income recertification is required unless federal relief applies to the projectRequirement excerpt: The owner must complete annual income recertifications for low-income households unless applicable federal relief is established. For tax years ending after July 30, 2008, the project-level exception in section 142(d)(3)(A), applied through…Read conditions and sources →
- federalUnited StatesLIHTCAverage income designations must be made and must average 60% or lessRequirement excerpt: Under the average income test each low-income unit must be designated at 20, 30, 40, 50, 60, 70 or 80 percent of area median gross income, and the average of the designated imputed income limitations across the units in the qualified group…Read conditions and sources →
- federalUnited StatesLIHTCBuildings and units must be suitable for occupancy under the applicable inspection standardRequirement excerpt: Each building must be suitable for occupancy, determined under state or local health, safety and building codes, with the agency inspecting units under the applicable physical inspection standard on the monitoring cycle. Violations of the…Read conditions and sources →
- federalUnited StatesLIHTCCompliance must be maintained throughout the fifteen-year compliance periodRequirement excerpt: The compliance period for each building is fifteen taxable years beginning with the first year of the credit period. Noncompliance during that period exposes the taxpayer to recapture of accelerated credit; noncompliance after it, during…Read conditions and sources →
- federalUnited StatesLIHTCReview limitationsCompliance with a HUD-recognised safe harbor satisfies the design and construction requirementsRequirement excerpt: An owner or developer may establish compliance with the Fair Housing Act design and construction requirements by following one of the safe harbors HUD recognises, rather than by defending the built condition provision by provision. The…Read conditions and sources →
- federalUnited StatesLIHTCReview limitationsCovered multifamily dwellings first occupied after 13 March 1991 must meet the seven design and construction requirementsRequirement excerpt: Covered multifamily dwellings designed and constructed for first occupancy after 13 March 1991 must have at least one building entrance on an accessible route unless terrain or unusual site characteristics make that impractical, and where…Read conditions and sources →
- federalUnited StatesFiled under: Bond / 142(d)Review limitationsCredit without a volume cap allocation requires 50 percent of aggregate basis financed by volume-cap bonds, or 25 percent for issues after 2025Requirement excerpt: A building financed with tax-exempt bonds subject to the section 146 volume cap can claim the low-income housing credit without a housing credit dollar amount allocation only if a minimum share of the aggregate basis of the building AND THE…Read conditions and sources →Shared-program reference: its applicability mentions LIHTC. Open the rule to check the remaining conditions.
- federalUnited StatesLIHTCReview limitationsDeep rent skewed projects apply a 170% available unit threshold and additional rent conditionsRequirement excerpt: 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.Read conditions and sources →
- federalUnited StatesLIHTCReview limitationsEffective communication must be ensured and appropriate auxiliary aids furnished where necessaryRequirement excerpt: A recipient must take appropriate steps to ensure effective communication with applicants, beneficiaries and members of the public, and must furnish appropriate auxiliary aids where necessary to give a person with a disability an equal…Read conditions and sources →