CHFA eNews: Multifamily
chfa enews - multifamily loan compliance 

property tax value alert

February 22, 2018
If a multifamily housing property is subject to rent restrictions to make it more affordable, it may be eligible for a market adjustment to the taxable value used for property tax assessment. Rent-restricted housing properties that receive below-market rents may be able to request an Economically Derived Market Adjustment (EDMA) due to the reduced revenue stream. If your property is rent-restricted and may be eligible for an EDMA, you may wish to contact your local county assessor.

Learn more here.