1. (a)

   1. (1) If existing LIHTC tenants wish to transfer to a different LIHTC unit in the same building (as identified by the building identification number), they do not need to be recertified.
   2. (2) A new lease must be executed to be effective on the move-in date to the new unit.

2. (b)

   1. (1) When a household moves to a different unit within the building, the newly occupied unit adopts the status of the vacated unit.
   2. (2) Thus, if a current household whose income exceeds the applicable income limitation moves from an over-income unit to a vacant unit in the same building, the newly occupied unit is treated as an over-income unit.
   3. (3) The vacated unit assumes the status the newly occupied unit had immediately before it was occupied by the current resident.
3. (c) When a household moves to a unit in a different building, the Arkansas Development Finance Authority requires the owner or manager to treat that household as a new move-in and qualify accordingly.
4. (d) During the initial credit period, existing tenants cannot be relocated for the purpose of qualifying more than one (1) LIHTC unit to count toward the minimum set-aside or applicable fraction.

Codification Notes: "LIHTC" means low-income housing tax credit.