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Stay informed with the latest news and updates regarding the affordable housing industry.

HUD Final Rule on Streamlining the Portability of the Voucher Program, August 20, 2015

On August 20, 2015, HUD published a Final Rule in the Federal Register titled, Housing Choice Voucher Program: Streamlining the Portability Process. This final rule amends HUD s regulations go...

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Section 42 Audit Guide- Techniques Used During Audit

Audit Guide Chapter 3- Techniques Used During Audit   The IRS audit process includes the accumulation of evidence for evaluating the accuracy of a taxpayer s tax return. Evidence includes...

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The IRS Section 42 Audit Guide: How Tax Returns for LIHTC Properties are Analyzed for Audit Potential

How Tax Returns for LIHTC Properties are Analyzed for Audit Potential   The IRS 42 Audit Guide provides guidance for analyzing tax returns before contacting taxpayers to determine the spe...

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HUD Moving Aggressively on Affirmatively Furthering Fair Housing

The Department of Housing and Urban Development (HUD) is moving forward aggressively with the departments new Affirmatively Furthering Fair Housing campaign to desegregate the country s primar...

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Role of the IRS and State Agencies in Implementing the LIHTC Program

With the revision of the IRS Audit Guide for the Low-Income Housing Tax Credit Program, the IRS is providing a comprehensive examination of the requirements of the program. Chapter 1 of the Guide p...

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Proposed Rural Housing Service Rule will Reduce Financial Reporting Requirements

On August 6, 2015, the Rural Housing Service (RHS) published a proposed rule in the Federal Register that will amend current regulations to change program requirements regarding financial reporting. T...

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IRS Publishes Revised LIHTC Audit Guide - August 11, 2015

The IRS has published a revised Audit Guide for the Low-Income Housing Tax Credit Program, with a revision date of August 11, 2015. The Guide is intended to assist IRS examiners when auditing Partners...

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Assistance Animals - A Reminder on What is Required

On July 15, 2015, HUD charged the owners and manager of Viking Villas, a 36-unit apartment complex in Sioux Falls, SD, with a violation of the Fair Housing Act for refusing to grant a reasonable accom...

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