LIHTC Guide
Feb 4, 2014
Public housing and assisted housing communities (as well as Low-Income Housing Tax Credit [LIHTC] projects) are subject to the requirements of the Violence Against Women s Act (VAWA). HUD is current...
Jan 2, 2014
IRC 42(h)(5) requires that a portion of each state s annual credit ceiling be set aside for allocation to projects involving qualified nonprofit organizations. Specifically, at least 10% of the st...
Dec 26, 2013
On December 10, 2013, HUD put online a revised transmittal for Handbook 4350.3, Chg. 4. It provided clarification for verification techniques - primarily those relating to EIV disputes and discrepanci...
Dec 22, 2013
On December 18, 2013, HUD published the 2014 income limits for HUD programs as well as for the Low-Income Housing Tax Credit and Tax-Exempt Bond programs. The limits for the LIHTC and Bond projects ar...
Nov 11, 2013
As we approach the holiday season, it is important to remember the fair housing prohibition against discrimination on the basis of religion. There is absolutely nothing wrong with being festive durin...
Nov 2, 2013
The most important calculation in the LIHTC program - at least in terms of credit generation - is qualified basis. Qualified basis is directly related to the amount of eligible basis (Eligible Basis t...
Oct 21, 2013
HUD projects that receive less than $500,000 in total federal financial assistance annually no longer have to have full financial audits performed. HUD Notice 2013-23 eliminates the audit requirement ...
Sep 26, 2013
HUD published a Notice in the Federal Register on September 26, 2013, clarifying that conventional or FHA-insured projects with existing LIHTC s, and other affordable projects that meet LIHTC afford...
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