Rents, Utilities & General Pubic Use (OCCH)
You’ve just been handed the latest rent limits for your tax credit property. When can you implement increases? What about decreases? What about utility allowances? What is considered a proper source of allowances in your state? What if the amount changes? What happens if we accidentally charge too much rent?
Who can live in a tax credit unit? Can we set units or an entire property aside for special needs? Can we be sued for not renting to someone who thinks they qualify? Can we evict anyone?
If you get the impression that there’s a lot to know, you’re right. If you get the idea that mistakes can be costly, you’re right again. And if you’re hoping our consultant, Vivian Probst will answer questions and help you avoid non-compliance, you’re right three times in a row!