What rents are used in valuing LIHTC property?

I have basic rent/note rent/gross rent after income adjustment made for tenant/utilities = net rent paid by tenant. I have been working on this toooo long.
In Market Conditions - Asked by Jon B. - Jun 22, 2010
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Answer(s)

Gregory Z.
Appraiser
Fairview Park, OH

When valuing the property, it has been my experience that government agencies want the property valued using prevailing market rates. The difference between the note rate and the market rate is the value of the subsidy. I hope this helps.

Dec 1, 2010
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