Blog Post Explains Details, Identifies Issues in IRS Proposed Rulemaking for Average Income Minimum Set-Aside

Monday, November 2, 2020 - 9:15am

A blog post by Novogradac’s Mark Shelburne provides insight and explanation of the Internal Revenue Service (IRS) notice of proposed rulemaking for the low-income housing tax credit (LIHTC) average income minimum set-aside. Shelburne’s blog post highlights the need for comments on the proposal from stakeholders and addresses issues including mitigating noncompliance, structuring considerations and more.

Novogradac will have an Effects of the Proposed Average Income Test Regulations Webinar Nov. 13 and the proposed rulemaking will be discussed at the Novogradac 2020 Tax Credit Housing Finance Virtual Conference Dec. 3-4.