For those unfamiliar with the Low-Income Housing Tax Credit Program (LIHTC), the number 8823 may have no particular meaning.  However, if you are involved in the development, ownership or management of properties utilizing this federal affordable housing program then it should be part of your knowledge base for a thorough understanding of LIHTC.

Passed into law on March 27, 2020 in response to the COVID-19 pandemic, the Coronavirus Aid, Relief and Economic Security (CARES) Act includes provision for an eviction moratorium on non-payment of rent for most federal housing programs.

With the passage of the Consolidated Appropriations Act of 2018, the Low Income Housing Tax Credit (LIHTC) Program gained an additional option for the minimum set-aside test in the form of Average Income.  As such, owners of tax credit properties that receive their...