103.01

Eligible Property Characteristics

Requirements

You must ensure that a Dedicated Student Housing PropertyDedicated Student Housing PropertyMultifamily rental Property in which 80% or more of the units are leased to undergraduate or graduate students. :

  • caters to a campus with at least 10,000 students, the majority of whom are full-time students;
  • is
    • located within 2 miles of a campus boundary line, as determined by the local municipality, or
    • near a college/university-sponsored transportation line; and
  • has operated for at least 1 full school year (i.e., August/September through April/May).

Guidance

The Dedicated Student Housing PropertyDedicated Student Housing PropertyMultifamily rental Property in which 80% or more of the units are leased to undergraduate or graduate students. should have stabilized occupancy no later than the month preceding the start of the first semester/quarter of the second full school year.