LIHTC Guide
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Jan 16, 2021

IRS Extends COVID-19 Relief

In response to the COVID-19 pandemic, the IRS issued Notice 2020-53 in July 2020.  This Notice provided temporary relief from certain requirements under 42 of the Internal Revenue Code and ...

Jan 10, 2021

Work Patterns Will Never Be the Same Again - Long Term Planning & Preparation is Key

Despite the death grip COVID-19 has had, the global economy is on the threshold of a burst of growth driven by technology. If long-gestating technologies like Artificial Intelligence (AI) and auto...

Jan 3, 2021

Fixed Four Percent Credit - When Does it Apply?

The COVID-19 relief legislation that was recently signed into law included a provision fixing the four percent LIHTC at an actual four percent rate. This floor applies both to properties with tax-exe...

Jan 2, 2021

Virginia Landlord Settles Sexual Harassment Case

On September 29, 2020, the U.S. Department of Justice (DOJ) announced that Gary T. Price, a manager of rental properties in and around Harrisonburg, VA, together with owners of the properties, Albert...

Dec 29, 2020

New York Passes Comprehensive Anti-Eviction Law

The New York State Legislature convened an unusual special session just after Christmas to pass one of the nation s most comprehensive anti-eviction laws, which will ban landlords from evicting mos...

Dec 28, 2020

Trump Finally Signs Funding and Relief Bills

On December 27, 2020, President Trump finally signed the FY 2021 Omnibus Spending and COVID-19 Relief Bills. Passage of these two pieces of legislation will impact the affordable housing industry in ...

Dec 27, 2020

HUD Takes Hard Line on Local "Nuisance" Policies that Target Affordable Housing

A recent compliance agreement entered into between the Department of Housing & Urban Development (HUD) and a California city demonstrates the aggressive approach HUD will take against localities ...

Dec 26, 2020

HUD Publishes Operating Cost Adjustment Factors (OCAF) for 2021

On November 27, 2020, HUD published in the Federal Register a Notice of Certain Operating Cost Adjustment Factors for 2021. These OCAFs may be used for eligible project-based assistance properties th...