On September 1, 2020, the CDC announced an order to temporarily halt residential evictions in an attempt to prevent further spreading COVID-19.

The IRS issued Notice 2020-53, which provides COVID-19-related relief to issuers, owners, operators and tenants of residential rental properties financed with LIHTCs.

The IRS released proposed regulations in regards to Housing Credit Program monitoring requirements, returning to a previous standard of required inspection of the lesser of the applicable REAC number of 20% of the low-income units in the development.

On May 4, the IRS issued 2 documents providing guidance for Tax-Exempt Bond Private Activity Bonds (PABs) when used with 4% credits from the LIHC program.

On May 1, HUD once again updated its Q&A for Multifamily Housing document making this the 5th update.