The 25% bond test for 4% LIHTC deals, from Public Law 119-21
How the 2025 tax law cut the 50% tax-exempt bond test to 25% for 4% credit deals, which buildings qualify, and what it does to the bonds a deal needs.
Guides
LIHTC income and rent limits by county, QCT and DDA lookups, credit math and tax credit apartments.
4% vs 9% LIHTC: how the two credits differ in 2026
The 9% credit is competitive and capped by each state's ceiling; the 4% credit comes with tax-exempt bonds. Rates, floors, boosts and 2026 numbers.
How to qualify for a tax credit (LIHTC) apartment
Income limits, how rent is set, the student rule, vouchers and what to bring when you apply for an income-restricted tax credit apartment.
LIHTC income averaging: how the 60% average works in practice
The average income test lets units serve households from 20% to 80% of AMI if the designations average 60% or less. Here is the math, with a worked rent roll.
Financing a tax credit deal?
Send it to the Janover Capital desk for construction, bond, bridge and permanent debt.