NAHMA LIHTC Update: IRS publishes revised form with income-averaging option
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.
Juliana Bilowich, Government Affairs Coordinator
National Affordable Housing Management Association
400 N. Columbus St., Suite 203, Alexandria, VA 22314
Phone 703-683-8630, ext.116 Email firstname.lastname@example.org, Website www.nahma.org
NAHMA is the leading voice for affordable housing management, advocating on behalf of multifamily property managers and owners whose mission is to provide quality affordable housing.