News & Insights
Stay informed with the latest news and updates regarding the affordable housing industry.
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...
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...
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 ...
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...
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...
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 fi...
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...
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 rene...
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