What is qualified basis?
The portion of a LIHTC project’s eligible development cost on which tax credits are calculated; 9% credits are designed to subsidize roughly 70%, and 4% credits roughly 30%, of qualified basis over the credit period.
Where you will use it: this term comes up in the Real Estate Finance course, and the full course glossary collects every term in one place.
Related terms
From the free Real Estate Finance course by Devon Coombs, CPA, MBA.