To qualify for LIHTC, what must a household composed entirely of full-time students do?

To qualify for the Low-Income Housing Tax Credit (LIHTC) program, a household composed entirely of full-time students can meet eligibility requirements if one of the five specific exceptions for student eligibility is satisfied. These exceptions allow full-time students to qualify for housing assistance without being disqualified solely on the basis of their full-time student status.

The five exceptions include situations where the students are married and filing jointly, are receiving public assistance, are previously in foster care, are veterans, or are part of a job training program. This framework acknowledges that full-time students might still need access to affordable housing under particular circumstances, thus providing flexibility and support for specific groups.

Other options, such as the requirement for all members to work full-time or having a single income above a certain threshold, do not align with the LIHTC guidelines. The program does not set such rigid income conditions just based on student status, rather, it allows certain student populations to qualify under designated exceptions. Similarly, being enrolled in part-time studies is irrelevant since the question focuses on households that are entirely composed of full-time students.