IRS Clarifies Income Limits for Average-Income Set-Aside Option

IRS Clarifies Income Limits for Average-Income Set-Aside Option



Every tax credit site must meet and maintain a minimum set-aside throughout a 15-year compliance period to qualify for the tax credit program. A minimum set-aside is the federally required minimum level of tax credit units at a site. To meet the set-aside, you must rent a certain percentage of the units in your building or site to qualified low-income households.

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