The minimum set-aside election is a crucial concept in tax credit compliance that sets income and rent limits for a project. The Omnibus Tax Act of March 2018 provided a new minimum set-aside option that will change many important approaches to compliance that we take at tax credit properties. This webinar replay will consider what we know and do not know about the new Income Average Test and suggest an action plan for those planning to implement the new set-aside.

Participants in this webinar replay will:

• Describe the core concepts of the Income Average Test, including which properties may use the new set-aside and how set-aside averaging works
• Explain how the Available Unit Rule works with the new option
• List some of the key steps on an action plan to implement the new set-aside

Speaker: Scott Michael Dunn, The Costello Companies

NAHB Continuing Education: 1.0 hours of continuing education credit for the HCCP designation and for the following 12 designations: CAPS, CGA, CGB, CGP, CGR, CMP, CSP, GMB, GMR, Master CGP, Master CSP, MIRM.

Cancellation and Refund Policy: No refunds are issued for webinar replays upon purchase. However, NAHB regularly reviews these products and reserves the right to remove replays that are no longer current. If you are unable to view a replay during your 12-month access period, please contact Deborah Krat at EdWebinars@nahb.org.