Don't Round Down to Meet Minimum Set-Aside
Don't round down the number of units you must rent to qualified low-income households to meet your minimum set-aside, warns A.J. Johnson, president of A.J. Johnson Consulting Services. Rounding down may seem like an attractive option because it leaves you free to charge market-rate rents for one more unit, he admits. But if you round down, you won't meet the set-aside, and the owner won't be able to claim any of its tax credit, he cautions.