53 of our 60 units are LIHTC** units, and households made up entirely of full-time* students do not qualify for an LIHTC unit unless
...........- at least 1 non-student (or guaranteed part-time student)
...........- is in the household: for ex., an unborn baby can qualify
...........- as the non-student,
OR
...........- the household of only full-time students meets one of
...........- the following exemptions:
......................- married and filing a joint tax return,
......................- single parent, child(ren) lives with you, & child(ren)
......................- claimed on your tax return or that of the absent
......................- parent,
......................- formerly a foster child,
......................- recipient of Title IV of Social Security Act
......................- (AFDC), such as TANF (Temporary Assistance for
......................- Needy Families),
......................- enrolled in a job rehab program (such as Idaho
......................- Division of Vocational Rehabilitation).
* "Full-Time" here means ...
...........- kindergarten and up, and
...........- if the school defines you as full-time, and
...........- if you are enrolled as full-time for at least 5 months out
...........- of a calendar year (and those five months do not have
...........- to be consecutive).
** LIHTC = Low-Income Housing Tax Credit
...........- at least 1 non-student (or guaranteed part-time student)
...........- is in the household: for ex., an unborn baby can qualify
...........- as the non-student,
OR
...........- the household of only full-time students meets one of
...........- the following exemptions:
......................- married and filing a joint tax return,
......................- single parent, child(ren) lives with you, & child(ren)
......................- claimed on your tax return or that of the absent
......................- parent,
......................- formerly a foster child,
......................- recipient of Title IV of Social Security Act
......................- (AFDC), such as TANF (Temporary Assistance for
......................- Needy Families),
......................- enrolled in a job rehab program (such as Idaho
......................- Division of Vocational Rehabilitation).
* "Full-Time" here means ...
...........- kindergarten and up, and
...........- if the school defines you as full-time, and
...........- if you are enrolled as full-time for at least 5 months out
...........- of a calendar year (and those five months do not have
...........- to be consecutive).
** LIHTC = Low-Income Housing Tax Credit