The Not-So Average LIHTC Income Average Minimum Set Aside Election

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LIHTC Income Averaging Minimum Set Aside Election Webinar with Amanda Gross

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In 2018 the Low-income Housing Tax Credit program introduced a significant change - the new “Income Averaging” Minimum Set-Aside election.

In this webinar, Amanda Lee Gross breaks down the changes to Section 42 of the Internal Revenue Code relating to this new election and does so in an easy to understand format. Amanda Lee also highlights the benefits as well as the potential challenges owners may face with making this all-important election.

Topics include:

  • Overview of the LIHTC program’s Minimum Set Aside (MSA) Requirements
  • Understanding the available options
  • Effect of the owner's multiple building election on the MSA
  • Method of Achieving the Average Income Set-Aside
  • Calculating income and rent limits based of the new set-asides
  • Complying with the Next Available Unit Rule at an Average Income project
  • Potential affects of Noncompliance at an Average Income Project

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