IRS Issues Final Average Income Regulation

On October 7, 2022, the IRS published final and temporary regulations on the average income set aside for the LIHTC program. A quick review of the regulation indicates that the “cliff test” has been eliminated and owners will have more flexibility in swapping unit designations.

I will be reviewing the new regulation in detail and once done, I will post an analysis on the A. J. Johnson Consulting Services website.

For additional information about A. J. Johnson Consulting Services please visit our website at

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