What do I do if the amount of Credit based on a Projects Qualified Basis is different from the amount of Credit based on a Projects Equity Gap?
The Code requires that the Commission limit the amount of Credit that a Project may receive to the minimum amount necessary for the Project to be financially feasible and viable for the 10 year Credit Period. The maximum amount of Credit that a Project may receive is equal to the lesser of the maximum amount of Credit based on a Projects Qualified Basis and the maximum amount of Credit based on a Projects Equity Gap. Refer to the Policies Chapter 2, General Requirements, for additional information regarding the Credit Reservation and Allocation amounts.
