Are LIHTC rent limits based on the household size or the unit size?
According to the LIHTC program, the rent limits for the LIHTC program are determined by both the unit size and the household size depending on the date tax credits were allocated. For developments receiving a tax credit allocation prior to 1990 (and did not opt to take Revenue Procedure 94-9), rent limits are based on the household size. Developments receiving a tax credit allocation after 1990 determine rent limits based on the unit size.
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