News & Insights
Stay informed with the latest news and updates regarding the affordable housing industry.
The Department of Housing and Urban Development (HUD) published in Interim Rule in the September 8, 2015 Federal Register, titled Streamlining Administrative Regulations for Public Housing: Revisi...
Children for Whom Custody is Being Obtained - To Count or Not to Count When determining income eligibility for Section 8 or Low-Income Housing Tax Credit (LIHTC) properties, HUD Section 8...
The IRS and Extended Use Agreements As outlined in 42 (h) (6), all LIHTC properties allocated credits after 1989 must have an extended use agreement (EUA). The agreement is entered into...
I sent a memo to clients on June 29, 2015, regarding HUD Notice H 2015-04, which was published by HUD on June 22, 2015. This Notice outlined revised HUD requirements relative to the Methodology for Co...
Section 42 (i) (3) (D) states that certain students do not disqualify a unit from being low-income for LIHTC purposes. Five exceptions are outlined in the Code, one of which states "A unit shall not f...
HUD recently provided guidance on components of the HOME program that have raised questions. Following are the clarifications that apply to the use of HOME funds with multifamily housing. HOME fun...
Determining the Cash Value of and Income from Annuities There is some confusion among managers of affordable rental housing regarding how to determine the value of and income from annuiti...
Claiming Credits without an IRS Form 8609 - Guidance from the Audit Guide IRC 42(l)(1) requires that taxpayers complete a certification with respect to the first year of the credit peri...
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