LIHTC Guide
Mar 1, 2011
In Chief Counsel Advisory (CCA) 201106008, issued December 3, 2010, the Office of Chief Counsel of the IRS stated that because the American Recovery and Reinvestment Act of 2009 (the Recovery Act) did...
Mar 1, 2011
Agencies in a number of states have tightened the requirements for developers with regard to being eligible to apply for tax credits. Iowa, Texas, and Florida have all added requirements that expand t...
Mar 1, 2011
A review of the Qualified Allocation Plans (QAPs) of the State Allocating Agencies indicates some new priorities and directions for a number of states with regard to the Low-Income Housing Tax Credit ...
Mar 1, 2011
The Internal Revenue Service and HUD have reached a preliminary agreement that will allow HUD REAC inspections to satisfy IRS physical inspection requirements for tax credit properties with project-ba...
Mar 1, 2011
The LIHTC program requires that in order for credits to be claimed, low-income projects and units must be suitable for occupancy under regulations prescribed by the Secretary of the Treasury. Units th...
Feb 1, 2011
The Federal Trade Commission (FTC) has issued a new rule that goes into effect on January 1, 2011, called the "Red Flags Rule." This rule requires certain businesses to develop written plans to fight ...
Feb 1, 2011
On December 29, 2010, the Rural Development Service issued an Unnumbered Letter outlining the policies that owners of RD assisted properties may put into place if they wish to ban smoking at RD assist...
Feb 1, 2011
In FY 2010, the Rural Housing Service funded 31 multifamily housing projects; in each case, energy efficiency was made a priority. The goal of RHS is "net zero" energy usage, meaning that the renewabl...