Quiz 04/16/2018: Minimum Set-Aside

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