LUC, what ever it is i use the existing luc’s. if an apartment greater than 6 it is 03 …
i also use december 31, assessment date for determination of completion.
they should have a covenant with RIHMFC that is recorded.
more than likely they are dealing with HUD. they deal with this regardless of age(disability)
there should be some HUD documents
be careful with contract rent, it is market rent. contract rent plus Subsidization .
some documents show 3 lines, contract, subsidy and total
Reply To: Qualifying low-income housingSalvatore Saccoccio2022-05-20T10:59:04-04:00