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Updated almost 6 years ago on . Most recent reply

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Noureen A S.
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How do I find out the utility allowance on an LIHTC property?

Noureen A S.
Posted

I'm in the process of evaluating a low income housing tax credit property for potential investment. I'm having trouble estimating rent b/c its dependent on the utility allowance.

How do I found out the utility allowance for this property (or for my county/city??)? The prop is in Raleigh, North Carolina (Wake County). I'm not finding any info off Google. Or is the utility allowance dependent on the tenant's income? Would the housing authority set the utility allowance after receiving paperwork from me? Thanks in advance.

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Noureen A S.
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Noureen A S.
Replied

@Simcha Davidman I didn't find out much information about utility allowances... But I have enough of an understanding to give me the confidence to go for another LIHTC property if I wanted to. And I did purchase the property.

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