Property Compliance News Briefs – February 2020

Wednesday, February 5, 2020

Property Compliance Briefs

The Kentucky Housing Corporation announced in an email Dec. 19, 2019, that it released the income averaging compliance policy. The federal Consolidated Appropriations Act of 2018 established income averaging as a permanent third set-aside election for new low-income housing tax credit developments. The updated policy is available on the Kentucky Housing Corp. website and is effective for all owners electing income averaging with a placed in service date of Jan. 1, 2019.

Journal Category: 
Property Compliance