On September 1, 2020, the CDC announced an order to temporarily halt residential evictions in an attempt to prevent further spreading COVID-19. … [Read more...] about CDC Issues Temporary Eviction Moratorium
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IRS Provides COVID-19 Related Relief for Housing Credit Properties
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
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 Multifamily Housing Q&A 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 Multifamily Housing Q&A Updated Yet Again