We use cookies to provide you with a better experience. By continuing to browse the site you are agreeing to our use of cookies in accordance with our Cookie Policy.
If your community room is part of the site's basis for tax credit calculation purposes, meaning that the owner counts it as part of the property for which the state has awarded tax credits, don't permit commercial use of this room. To permit this type of use would reduce the amount of tax credits the owner could claim. IRS regulations prohibit commercial use of resident facilities such as community rooms, if those facilities are included in a portion of the building that's counted for tax credit purposes [Internal Revenue Code, Sec 1.42-5 (c)(viii)].
