Month: October 2018

On October 19, HUD released the list of difficult to develop areas (DDAs) and qualified census tracts (QCTs) for 2019. These areas are important to the Housing Credit Program as properties built in these areas are eligible for as much as a 30% boost in eligible basis while receiving credits. These areas are effective January […]

On October 19, the Treasury Department released proposed guidance for opportunity zone (OZ) incentive. This is the first set of guidance expected and addresses gains invested in qualified OZ funds. At the same time, Treasury also released a related revenue ruling.

Your 2019 NCP Membership expired on December 31 unless you submitted your renewal. If you haven’t taken care of it yet, don’t worry… there is still time!

On October 11, Senate Finance Committee member Dean Heller, R-NV, introduced Seniors Affordable Housing Tax Credit Act S. 3580. This Act would establish a tax credit for owners of multifamily rental property renting to extremely low-income seniors.

On October 11, the Social Security Administration (SSA) announced a 2.8% increase in Social Security and Supplemental Security Income (SSI) for more than 67 million Americans.

In 2017, HUD introduced a new security requirement for TRACS users requiring TRACS Coordinators to certify each TRACS User annually. This certification ensures that each user can continue to send TRACS files and receive TRACS messages.