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Finding enough qualified applicants to occupy your low-income units can be a tough task. And you’ll want to attract enough qualified applicants to be able to choose those who will respect your rules and pay the rent on time.
If you don’t find enough qualified applicants for your tax credit site, the owner may not be able to claim all the credits it was allocated. Worse, your site might not even qualify for the tax credit program, in which case the owner won’t be entitled to claim any of its tax credits.