Reply: Does anyone have a project where they are considering using the income averaging set-aside?

Does anyone have a project where they are considering using the income averaging set-aside?

Reply: Does anyone have a project where they are considering using the income averaging set-aside?

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Constantino Morelli

One of my favorite go to sites for news and resources published an article on state guidance. Here’s the link.

ajjcs.net/paper/main/2018/07/05/states-b...-set-aside-guidance/

Posted 5 years 8 months ago

Colin R. Ferguson

I'd be interested to know if they will be any additional state regs on top of the federal ones. Let us know,, please!

Posted 5 years 8 months ago

Maureen Reyer-Morley

There is a class this Friday at Colorado Housing and Finance Authority. We are going for it on a property I took over in June.

Posted 5 years 8 months ago

Connie Mathes

We have a few just starting. No agency guidelines out yet on how to implement!

Posted 5 years 8 months ago

Maureen Reyer-Morley

According to what I have heard it will be best on 100% properties as with mixed properties you have to decrease to the deeper % if a household hit 140%. So you have to rent the next available market at the deeper TC price. There is discussion of not allowing floating eligibility because owners have to designate the unit prior to leasing.

Posted 5 years 8 months ago

Maureen Freehill-Demarest

yeah the lack of direction is making everyone twitchy, which is a shame because it would be great to open up the income bands and prove more opportunities on the high and low end!

Posted 5 years 8 months ago

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Does anyone have a project where they are considering using the income averaging set-aside?