Legislative News

Final Average Income Test Rules and Housing Credit Deadline Extensions

The Affordable Housing Tax Credit Coalition applauds the significant progress announced on the Biden Administration’s Housing Supply Action plan, which includes new guidance to provide flexibility to the Low-Income Housing Tax Credit (Housing Credit). Two new regulations – a final rule on the average income test and extensions of Housing Credit program deadlines – will make more affordable housing developments financially feasible at a time when the need for affordable housing is skyrocketing.

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