The LOI is non-binding, which means that if your project is completed before the original June 2026 deadline, you won’t be obligated to meet the deeper affordability requirements associated with the extension. Filing the LOI simply preserves your options to complete construction all the way through June 15, 2031 and does not commit you to these extended requirements if you finish prior to the original deadline.

With the September deadline rapidly approaching, it’s crucial to act swiftly. Our experienced 421a consultants are here to guide you through every step. By ensuring compliance now, you can protect your project’s financial future and secure the 421a tax benefits that are so vital to the feasibility of your project.