The National Council of State Housing Agencies sent a letter to the Department of the Treasury and IRS urging them to expedite guidance to HUD on how it should establish income limits for the 20, 30, 40, 70, and 80 percent of area median income (AMI) levels necessary for Housing Credit projects that elect to use the average income test for their minimum set-asides. NCSHA encouraged Treasury/IRS to use a simple multiplier based off of HUD’s Section 8 very low-income limit (currently used as a proxy for the Housing Credit 50 percent of AMI limit), in keeping with the formula outlined in Rev. Rul. 89-24. NCSHA urged IRS not to use HUD’s low-income and extremely low-income limits as proxies for the Housing Credit 80 percent and 30 percent of AMI limits, respectively.