Study: Income-Averaging Set-Aside to Increase Affordable Housing Development

Study: Income-Averaging Set-Aside to Increase Affordable Housing Development



The 2018 omnibus spending bill passed earlier this year authorized the “income-averaging” option for minimum set-aside elections in the LIHTC program. The option replaces the 60 percent area median income (AMI) maximum eligible income for LIHTC sites with 80 percent for units where the site-wide average doesn’t exceed 60 percent.

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