If I earn too much income for a tax credit property, am I ineligible for others?
If I earn too much income for a tax credit property, am I ineligible for others?Answer: Not necessarily. Although every tax credit property must follow the same rules to determine income eligibility, you may earn too much for one tax credit property but still be considered eligible for others. This can happen if, for example, you earn 55% of the income limit. A property that must rent to tenants earning no more than 50% of the income limits would reject you but properties using the 60% figure would find you eligible. Also, income limits vary by county, so if you earn slightly too much income for one property, you may have success at another property that uses different limits.
