The Average Income Test
Wednesday, September 24th
10:15am - 12:00pm
Speaker: 

On October 7, 2022, the IRS released the long-awaited final regulation (IRS Treasury Regulation 1-42.19) regarding the Average Income Test (AIT). This final regulation includes much-needed clarifications about the AIT and what properties using this election need to know. In this session we will discuss the new Average Income Test (AIT) regulation and explain the impact of the new rule in a concise and easy-to-understand manner.

Topics covered include, but are not limited to:

• Learn about the Average Income Test, the third minimum set-aside election for the
• Low-Income Housing Tax Credit program
• Next Available Unit Rule (NAUR) for the Average Income Test
• Determining qualified groups of units for use in applicable fraction determinations