In the event of non-compliance, no credit note is allowed for vessels governed by the contract until the taxation year in which the ERA is in effect. An EEE can only be terminated before the end of the extended useful life for two reasons: if a development owner wishes to sell the property as part of the qualified contractual process, that development owner must notify NIFA using the procedure described below. With full and appropriate notice, NIFA will have one year to find a buyer for the project at a predetermined price that must not exceed the Qualified Contract Price (QCP). The eligible purchaser may be a not-for-profit or for-profit entity that agrees to maintain affordable housing and meet all LURA requirements for the remainder of the extended useful life. Developers are eligible for LIHTC by agreeing to rent housing to low-income individuals and charge rents that are not higher than a certain amount. Most tax credit promoters choose the option where tenants must have an income below 60% of the region median income (AMI) and rents must not exceed 18% (30% of 60%) of the AMI. From 1986 to 1989, federal law required proponents to maintain these affordability provisions for at least 15 years. However, starting in 1990, new LIHTC properties were needed to maintain affordability for 30 years. During the first 15 years, the so-called initial compliance period, owners must maintain affordability. The second 15 years are called an extended useful life, during which owners can leave the LIHTC program through a relief process.