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Introduction
MCC is a Federal Income Tax Credit
How the MCC Program Works
Value of a Tax Credit vs. Tax Deduction
Effective Interest Rate
Benefits: Homebuyer
Benefits: Lenders
Income Limits
Eligible Borrowers
Household Size
Income Calculation
Annualized Income
Acquisition Cost Limits
Property Requirements
Homebuyer Education
First Mortgage Guidelines
Recapture Tax
Recapture Forms
Steps 1-4
Steps 5-8
Use of the MCC
MCC Reissuance
Participant Lender Reporting
How Do I Become a Participant Lender
Where is the MCC Program Manual?