LIHTC Guide
Dec 12, 2014
It is with great pleasure that I announce the addition of a new full time staff member to A. J. Johnson Consulting Services, Inc. Effective February 1, 2015, Linda Moss will be joining us as a Complia...
Dec 7, 2014
If a multifamily project with Low-Income Housing Tax Credits (LIHTC) is experiencing issues with crime or security or is located in a high crime area, owners may want to house a security or police off...
Nov 24, 2014
Disaster Relief Rules Revenue Procedure 2014-49 This IRS Revenue Procedure provides temporary relief from certain requirements of 42 of the Internal Revenue Code (the LIHTC Program) for Ag...
Nov 21, 2014
As if to put an exclamation point on its requirement that the ability to live independently not be a condition of apartment living, HUD has reached a conciliation agreement with Huntington Manageme...
Nov 13, 2014
On September 14, 2014, HUD issued Notice H 2014-12 (Implementation of Tenant Participation Requirements in Accordance with 24 CFR Part 245). This Notice outlines available sanctions and monetary penal...
Nov 7, 2014
The recently released final Section 42 Audit Guide provides some interesting guidance relative to the treatment of employee and security units in a LIHTC project. The Guide confirms that the cost of s...
Nov 7, 2014
HUD issued Notice H 2014-15 on October 31, 2014 changing the imputed rate for assets from 2% to .06%. Beginning on February 1, 2015, HUD will annually publish the passbook savings rate (i.e.,...
Oct 27, 2014
Developers looking to put together LIHTC deals in California, New York, Illinois, Massachusetts, Delaware, Washington DC, and Florida have a new financing option available to them. Citi Bank ...