Income Averaging Policy and Compliance Guidelines Effective 2019
Over the past several months, CHFA held stakeholder forums and public hearings to support implementation of the new Income Averaging (IA) allowance authorized by Congress for the Low Income Housing Tax Credit program (LIHTC).
Thanks to everyone who has shared information and perspective, enabling CHFA to prepare policy and compliance recommendations.
Based on this input, CHFA will implement the following
IA Policy and
IA Compliance Guidelines as part of the 2019 Qualified Allocation Plan.
IA FAQs have also been updated.
For more information about Income Averaging, please visit
CHFA’s Income Averaging Resource Center.