Quiz 04/16/2018: Minimum Set-Aside

April 16, 2018

In order to understand the new minimum set-aside, as discussed HERE, it is important to have a firm grip on how the minimum set-aside works. This quiz tests that knowledge. 

 

1. The minimum set aside is based on the lesser of a percentage of square footage or number of units.  

     True or False

 

3. 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. 40%

     C. 50%

     D. 80%

 

2. After the 2018 Omnibus Tax Law change, which of the following is NOT a minimum set aside option?

     A. 20-50

     B. 20-50 (average)

     C. 25-60

     D. 25-60 (average)

     E. 40-60 (average) 

 

CLICK HERE for answers to this week's quiz

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