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LIHTC Update: IRS Publishes Revised Form With Income-Averaging Option

4 June 2018
 June 4, 2018
Category Industry News, News

Following the authorization earlier this year of the “income-averaging” option for minimum set-aside elections in the Low-Income Housing Tax Credit (LIHTC) program, the IRS has published a revised Form 8609. Form 8609 is used for Low-Income Housing Credit Allocation and Certification and now includes the income-averaging option. The IRS instructions for the form have yet to be updated.

To view the revised form, please click here. The new income-averaging option is discussed in our recent NAHMAnalysis here.

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