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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

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

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

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

On April 14 and April 16, HUD updated its Q&A for Multifamily Housing document making this the 3rd and 4th update respectively. The following clarifications – in no particular order – were made… … [Read more...] about HUD’s Q&A for Multifamily Housing Updated