Latest News

On February 27, the IRS indicated it would be publishing the Housing Credit program's final utility allowance regulations specifically addressing submetering in the Federal Register. … [Read more...] about Final Housing Credit Utility Allowance Regulations Published

On February 26, the IRS issued the final Compliance Monitoring regulations for the Housing Credit program. These replace the temporary compliance regulations that have been in place since 2016 and are immediately effective. … [Read more...] about Final Rules on Housing Credit Compliance Regulations Issued

New York Gov. Andrew M. Cuomo signed into law the Gender Expression Non-Discrimination Act (GENDA), which prohibits employers, educational institutions, landlords, creditors, and others from discriminating against individuals on the basis of gender identity or expression, and … [Read more...] about Governor Signs Landmark Legislation Protecting LGBTQ Rights

On February 20, HUD released PIH-2019-02/H-2019-04 reducing the number of days REAC inspectors will send out their notification before conducting physical inspections of public housing and private HUD-assisted multifamily housing. … [Read more...] about HUD Shortens REAC Inspection Notification Period

Kevin Brady (R-TX), Chairman of the House Ways and Means Committee released a year-end tax and oversight package that clarifies the general public use requirement for Housing Credit properties funded with tax-exempt bonds especially for veterans. … [Read more...] about New Legislation Includes LIHTC Clarification and Extenders