Prop. Treas. Reg. § 1.42-5 Monitoring compliance with low-income housing credit requirements.

Proposed 2020-07-07 · REG-123027-19 · 85 FR 40610 · Interprets § 42 · Would amend § 1.42-5

Par. 2. Amend § 1.42-5 by revising paragraphs (c)(2)(iii)(B) and (h) to read as follows:

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(c) * * *

(2) * * *

(iii) * * *

(B) Number of low-income units. The minimum number of low-income units for which the Agency must conduct on-site inspections and low-income certification review is the lesser of—

( 1 ) 20 percent of the low-income units in the low-income housing project, rounded up to the nearest whole number of units; or

( 2 ) the Minimum Unit Sample Size set forth in the following Low-Income Housing Credit Minimum Unit Sample Size Reference Chart:

Table 1 to Paragraph (c)(2)(iii)
Number of low-income units in the low-income housing projectNumber of low-income units selected for inspection or for low-income certification review (minimum unit sample size)
11
22
33
44
5-65
76
8-97
10-118
12-139
14-1610
17-1811
19-2112
22-2513
26-2914
30-3415
35-4016
41-4717
48-5618
57-6719
68-8120
82-10121
102-13022
131-17523
176-25724
258-44925
450-1,46126
1,462-9,99927

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(h) Applicability dates. The requirements in paragraph (c)(2)(iii)(B) of this section apply beginning after the date final regulations are published in the Federal Register .