# Section 42, Low-Income Housing Credit Average Income Test Regulations
> **IRS** · Final and temporary regulations. · Published 2022-10-12 · Effective 2022-10-12 · 87 FR 61489
## Document
- **Document number:** 2022-22070
- **Category:** other
- **Sub-agency:** IRS
- **Federal Register citation:** 87 FR 61489
- **CFR reference:** 26 CFR 1
- **Publication date:** 2022-10-12
- **Effective date:** 2022-10-12
- **Treasury docket:** TD 9967
## Abstract

This document contains final and temporary regulations setting forth guidance on the average income test for purposes of the low- income housing credit. If a building is part of a residential rental project that satisfies this test, the building may be eligible to earn low-income housing credits. These final and temporary regulations affect owners of low-income housing projects, tenants in those projects, and State or local housing credit agencies that monitor compliance with the requirements for low-income housing credits.

## Source
- [Federal Register document](https://www.federalregister.gov/documents/2022/10/12/2022-22070/section-42-low-income-housing-credit-average-income-test-regulations)
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