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. … [Read more...] about IRS Provides COVID-19 Related Relief for Housing Credit Properties
Latest News
IRS Reduced Minimum Number of Units for Property Inspection
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. … [Read more...] about IRS Reduced Minimum Number of Units for Property Inspection
IRS Issues Guidance for PABs
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. … [Read more...] about IRS Issues Guidance for PABs
HUD’s Q&A for Multifamily Housing Updated Yet Again
On May 1, HUD once again updated its Q&A for Multifamily Housing document making this the 5th update. … [Read more...] about HUD’s Q&A for Multifamily Housing Updated Yet Again
HUD Publishes COVID-19 Resource for Residents Living in HUD Multifamily Housing
On April 28, 2020, HUD released a brochure for households living in assisted and insured housing programs administered by HUD' Office of Multifamily Housing Programs. … [Read more...] about HUD Publishes COVID-19 Resource for Residents Living in HUD Multifamily Housing