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Introduction

SECTION 3. APPLICATION

Internal Revenue Bulletin 2004-16 · 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 $57,500 as the median gross income for the United States. See § 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 January 28, 2004. See § 2.06 of this revenue procedure.

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▸Contents — Internal Revenue Bulletin 2004-16
Internal Revenue Bulletin 2004-16

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