What percentage must a tenant's income be below in order to qualify for transferring between LIHTC buildings?

To qualify for transferring between Low-Income Housing Tax Credit (LIHTC) buildings, a tenant's income must be below a certain threshold, specifically 140% of the area median income (AMI). The LIHTC program is designed to assist low-income individuals and families, and the income limits are established to ensure that the benefits of housing assistance are appropriately targeted to those in need.

The 140% threshold allows for some flexibility, accommodating circumstances where a tenant's income may increase slightly without disqualifying them from the opportunity to transfer to another LIHTC property, provided they still fall within the allowable income limits. This is distinct from lower or higher percentages, which do not align with the criteria set by the program for tenant transfers. Hence, 140% is the correct level that ensures both compliance with the income regulations and supports mobility for tenants in need of stable housing.