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What is a tax credit apartment?

He apartment that aim living in just sign up to get some sort of tax credit , iam trying to see how that woul?

  • the apartment that i am living in just sign up to get some sort of tax credit ,how would that effect me

  • Answer:

    Not at all unless the property owner decides to pass the savings on to the renter.

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The tax credit is normally given to landlords (usually project complexes) for special needs housing. Your rent would be adjusted based on your income. If the tenant falsifies there income they can be immediately evicted or if you're income level is above the maximum allowable income limit and you already live in the apartment the rent is increased (with restrictions/rent control), but you are allowed to stay in the apartment.

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