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NAHMA LIHTC Update: IRS publishes guidance on LIHTC Average Income Test
Last week, the IRS issued guidance to clarify the process for properly computing income limits applicable to the Low-Income Housing Tax Credit (LIHTC) program using the new average income test.
IRS Revenue Ruling 2020-04
LIHTC - New Average Income Test Clarification
Last week, the IRS issued guidance to clarify the process for properly computing income limits applicable to the Low-Income Housing Tax Credit (LIHTC) program using the new average income test. The revenue ruling addresses the additional income limits available within this new minimum set-aside option.
The attached Revenue Ruling 2020-04 is available here.
Juliana Bilowich, Manager of Government Affairs
National Affordable Housing Management Association
400 N. Columbus St., Suite 203, Alexandria, VA 22314
Phone 703-683-8630, ext.116 Email jbilowich@nahma.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.
The attached Revenue Ruling 2020-04 is available here.
Juliana Bilowich, Manager of Government Affairs
National Affordable Housing Management Association
400 N. Columbus St., Suite 203, Alexandria, VA 22314
Phone 703-683-8630, ext.116 Email jbilowich@nahma.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.
