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Introduction›Part III. Administrative, Procedural, and Miscellaneous

SECTION 3. APPLICATION

Internal Revenue Bulletin 1997-17 · 2026-10-03 edition · updated 2026-10-04 · United States

.01 When computing the housing cost/income ratio under § 143(f)(5), issuers of qualified mortgage bonds and mortgage credit certificates must use $43,500 as the median gross income for the United States. See section 2.06 of this revenue procedure.

.02 When computing the housing cost/income ratio under § 143(f)(5), issuers of qualified mortgage bonds and mortgage credit certificates must use the area median gross income figures released by HUD on December 27, 1996. See section 2.06 of this revenue procedure.

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▸Contents — Internal Revenue Bulletin 1997-17
Internal Revenue Bulletin 1997-17

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