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Updated 4 months ago on . Most recent reply

Aya Mohamed's profile image
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Aya Mohamed
  • Member since Oct 16, 2024
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Aya Mohamed's profile image
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Aya Mohamed
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Aya Mohamed
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General Real Estate Investing

CHAP tax credit in Baltimore

Aya Mohamed
Posted

Hi all.

Appreciate your help in answering the following.

Does having CHAP (tax credit) increase the value of the house?

I have the option of getting CHAP, or foregoing CHAP and instead adding a room basement.

Does the tax credit proportionally reflected in the value of the property? That is to say if the tax credit is $40 k across 10 years does that mean the value of the property increases by $40k?

Baltimore, Maryland
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