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federalUnited StatesLow-Income Housing Tax Creditset_aside
Minimum set-aside must be elected and satisfied
lihtc.set_aside.minimum_election · v1.0.0
The project must satisfy the minimum set-aside elected on Form 8609 line 10c by the close of the first year of the credit period and maintain it continuously thereafter. The election is irrevocable.
Failure of the minimum set-aside is the most severe LIHTC finding: it disqualifies the building for the year rather than a single unit.
- Confidence
- high
- Effective from
- 1990-01-01
- Last reviewed
- 2026-08-22
Evidence required
- IRS Form 8609(one_per_unit)
- Owner annual certification to the allocating agency(one_per_year)
Citations
All sources verified within 1 day- Internal Revenue Code Section 42 - Low-income housing credit42(g)(1)
- Form 8609, Low-Income Housing Credit Allocation and CertificationLine 10c