On April 8, 2020, the IRS also released Revenue Procedure 2020-23, not to be confused with Notice 2020-23, allowing eligible partnerships to file amended tax returns for 2018 & 2019.

In an effort to assist meeting the coronavirus challenges on our properties, I have put together a special course discussing the COVID-19 pandemic and strategies for protecting our affordable housing portfolios and am making it available for only $29. The course is entitled — Housing Credits 535: Coronavirus & Affordable Housing — and contains…

Despite concerns that the 2020 Income Limits might be delayed due to the coronavirus pandemic, HUD published them today with an April 1, 2020 effective date. As per Revenue Ruling 94-57, Housing Credit income limits must be implemented on the effective date OR 45 days from the publication date, whichever is LATER. This means this […]

On March 27, 2020, President Trump signed a $2 trillion bill known as the CARES, Act or the Coronavirus Aid, Relief and Economic Security Act.

This is an unprecedented time with lots of unknowns, fears and challenges. As you may be aware, we are beginning to get affordable housing-related notices from HUD, the IRS and many state HFAs.