Average Income Test (AIT)

The Consolidated Appropriations Act of 2018 established an Average Income Test (AIT) as a third minimum set-aside election for new Housing Tax Credits (HTC) projects. Under appropriate circumstances, this option can be elected by owners in lieu of the existing minimum set-aside elections of 40 percent of the units at 60% of MTSP, and 20 percent of the units at 50% of MTSP.

Learn More About Average Income Testing