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The applicable DSCR ratios are as follows
1. 90% (1.11 DSCR) for projects with 90% or greater rental assistance;
2. 87% (1.15 DSCR) for projects that meet the definition of Affordable Housing and for which the achievable Tax Credit rents are at least 10% below market rents; or
3. 85% (1.176 DSCR) for market rate projects or Tax Credit projects without a significant rent advantage (i.e., the achievable rents are at least 10% below market.).

Greg Hunter Changed status to publish February 9, 2021
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