Three Compliance Issues Surrounding Form 8609’s Multiple Building Project Election

You might not realize that whether the tax credit site you manage is a single- or multi-building project site has a significant effect on what you and your staff must do to keep the site in compliance. Yet many tax credit rules and requirements apply differently to sites in which the owner groups buildings as a single project. For example, the owner of a multi-building tax credit site has more options when it comes to meeting the minimum set-aside.