Complying with 'Safe Harbor' Rule

Complying with 'Safe Harbor' Rule

As a site owner or manager, you may not be aware that the IRS has a “safe harbor” rule for tax credit sites. The safe harbor rule lets low-income residents qualify for units before the beginning of the first taxable year of a building's tax credit period, says affordable housing expert A.J. Johnson, an expert in IRS rules as applied to tax credit sites.

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