Quote Originally Posted by swingline View Post
Yes. Kind of. The IRS rules require that an owner that claims the tax credits must retain ownership of the property for five years. Under that restriction, an owner can either use the whole property itself or rent it out. Can't sell it to someone else.
Excellent answer. These can't be condominium ownership as the developer is 'out of there' when the condominium is turned over to the owners and their board of directors.

Legally that is very clear.

I can understand why. You'd have more flipping than pancakes flipped at an iHop.