Quiz | Minimum Set-Aside
Dec 22, 2021
1. The minimum set aside is based on the lesser of a percentage of square footage or number of units.
True or False
2. For a project with a 20-50 minimum set-aside, what percentage of units can be at or below the 60% tax credit income limit but above the 50% and be counted as tax credit?
A) 0%
B) 20%
C) 50%
D) 80%
3. After the 2018 Omnibus Tax Law change, which of the following is NOT a minimum set aside option?
A) 25-60 NYC (Average Income Test)
B) 20-50 (Average Income Test)
C) 40-60 (Average Income Test)
D) 40-60
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