INSIDER’S Pop Quiz! - Community Rooms, Eligible Basis

Q: The owner of the site you manage included the community room in the site’s eligible basis. You may not charge an LIHTC resident to use the community room, but you may charge a market-rate resident a fee to use the room for, say, a birthday party. True or false?

A: False. If the community room is included in eligible basis, you may not charge anyone rent or any separate fee to use the room. You may, however, charge a refundable cleaning deposit.