January 28, 2025

There has been a correction to the market study requirements for the 2025 9% Housing Tax Credit application. The rent burden requirement in Appendix O has been changed from 30 percent to 35 percent.

Correct Rent Burden Requirement:  
The market analyst shall use a rent burden of 35 percent of a household’s monthly income for demand and capture rate calculations.

An updated Appendix O has been updated on the Housing Tax Credit web page.

Please remember, the 2025 application deadline is February 19, 2025. 

Please contact the Housing Tax Credit team with any questions. 

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