Tax Credit for Home Builders and Multifamily Developers

Be sure to read about this tax credit if you are a Home Builder and/or Multifamily Developer:

If you are a builder of homes or multifamily residences and sold or leased homes from 2018 to 2020, you may qualify for this $2,000 per unit tax credit.  This credit is retroactive and can be claimed on a previous tax return.

Qualifications:

• Builder/developer must own property during construction
• Certification by a HERS rater (2006 energy standard)

Properties eligible:

• Apartments – 3 stories or less
• Assisted Living – 3 stories or less
• Student housing – 3 stories or less
• Single family homes
• Affordable housing (LIHTC)
• Condos

If this sounds like a credit you may qualify for, contact our office now to set up a consultation 615-750-5537.