Avoid Recapture and Noncompliance with Understanding of Eligible Basis Calculations

Avoid Recapture and Noncompliance with Understanding of Eligible Basis Calculations



The low-income housing tax credit program is administered at the state level by state housing finance agencies with each state getting a fixed allocation of credits based on its population. The state housing agency has wide discretion in determining which projects to award credits, and applications are considered under the state’s “Qualified Allocation Plan.”

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