In this week's Tax Credit Tuesday podcast, Michael J. Novogradac discusses proposed regulations from the IRS concerning the average income test for low-income housing tax credit properties. He is joined by Thomas Stagg, CPA and partner in Novogradac's Bellevue, Wash., office; Stephanie Naquin, who is a multifamily compliance consultant, based in Novogradac's Austin, Texas, office; and Mark Shelburne, a Novogradac housing policy consultant who is based in Raleigh, N.C. The four of them discuss the average income set-aside, specific changes the IRS is proposing for the average-income test and how those changes might impact developments that use the average income structure. They wrap up by sharing what property owners should be doing now and considerations for the proposed regulation.