Understanding the Section 42/Tax Credit Average Income Test – Webinar
January 12, 2023 @ 2:00 pm - 3:30 pm
On October 12, 2022, the IRS published “final and temporary regulations” regarding the new minimum set-aside known as the Average Income Test. This set-aside is intended to allow for mixed-income housing and makes it possible to rent some units to individuals and families with incomes above 60% of median. We will explain how this set-aside differs from the 20 @ 50 and 40 @ 60 minimum set asides. You will learn how to calculate the set-aside and how the applicable fraction applies when this set-aside is in place. We will also review the most recent information from the states in your region regarding their requirements for the Average Income Set-Aside.
Instructed By: Gwen Volk
Cancellation Policy: Cancellations must be received in writing five business days in advance. No shows will be billed. Substitutes are welcome.
Non-Members Must Pre-Pay