Comments on IRS/Treasury’s Average Income Test Proposed Rule Due Dec. 29

NH&RA created a customizable template letter for developers to submit comments to the Internal Revenue Service (IRS) and Department of the Treasury (Treasury) on their Average Income Test proposed rule. Comments are due by December 29 and should be submitted here. We believe that if the Treasury/IRS proceed to final rule based on the current proposed rule, the average income election would go unused by the affordable housing development community. Your advocacy and unique expertise on running average income LIHTC properties is needed to help the IRS/Treasury see their error and correct course. Please reach out to Kaitlyn Snyder with questions.