Chapter 1
A fund is a big piggy bank that lots of people share. People put money in. The fund must use that money to build and fix things right here in this neighborhood. If it does, the people who put money in pay less tax.
Our job: watch the fund keep its promise for one whole year, and see every paper that proves it.
The reporting rules in this town come from the IRS’s proposed rules of September 2026. The final rules may change some of them.
Each switch is one of the wizard’s spells: flip it and Sage rewrites that part of the year in place.