Registration: Members: $99     Non-Members: $139
Instructor: Scott Michael Dunn
The Average Income Test (AIT) minimum set-aside is one of the most significant changes in the tax credit housing program in over a decade. It was intended to have major benefits for the industry and the residents we serve. Many owners have selected this option in the last two years, as Congress intended. This session will discuss what recently made owners and investors nervous about the AIT. Just some of the issues we will cover in this 90-minute session:

• How does this new minimum set-aside work?
• What are the potential challenges is implementing the AIT?
• Why do recently proposed IRS regulations on the AIT call into question the usefulness of the new provision?
• What should owner/agents do in this time of uncertainty on the AIT?

Up-to the minute updates on this important matter will be presented along with first-hand reporting on discussions with the IRS and Treasury representatives.

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