IRS Spells Out Rules for Low-Income Housing Credits
Published Date: 9/30/2025
Rule
Summary
If you own or manage low-income housing, new rules now explain how to keep records and report income info to qualify for tax credits. These changes help make sure buildings meet the average income test, so owners can earn valuable housing credits. State and local agencies will also follow these rules to keep everything fair and on track.
Analyzed Economic Effects
3 provisions identified: 1 benefits, 1 costs, 1 mixed.
Owners must keep income records
If you own or manage low-income housing projects, new final rules require you to keep records and report tenant income information for the average income test so the building can qualify for the low-income housing credit.
State/local agencies must follow monitoring rules
State and local housing credit agencies must follow these final recordkeeping and reporting procedures to monitor compliance with the average income test for low-income housing credits.
Tenants indirectly affected by compliance
If you rent in a low-income housing project, these final rules indirectly affect you because owners and housing agencies will use the required records and reports to determine whether the building meets the average income test and can earn low-income housing credits.
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