Question from a Blog Reader
"Has it really been a year since the Average Income Test was passed into law?"
Yes. March 23, 2019, marked the 1-year anniversary of the new minimum set-aside.
To some degree it doesn't seems like it has been that long. On the other hand, it has created so much discussion and work as we manage and consult with properties, state agencies, investors and owners using the new average test set-aside, we sometimes joke here at Costello that it has been the longest two years of our life since last March!