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

Tax Extenders Signed Into Law

Congress has passed and the President has signed the Protecting Americans from Tax Hikes (PATH) Act of 2016. The legislation includes a number of permanent (as opposed to temporary) extensions of e...

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Proposed Bill Would Require Eviction of Over-Income Public Housing Tenants

Representative Bradley Byrne (R-AL) has introduced HR 4133, a bill that would require removal of public housing tenants whose income after move-in exceeds the qualifying income limits. The proposed ...

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HUD Final Rule Defining "Chronically Homeless"

  On December 4, 2015, HUD published a final rule titled Homeless Emergency Assistance and Rapid Transition to Housing: Defining Chronically Homeless. This final rule establishes the ...

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Computing Adjustments to the Allowable Annual Credit for LIHTC Properties

  At the conclusion of an audit of a Low-Income Housing Tax Credit (LIHTC) taxpayer, the IRS will determine whether any adjustments to the amount of annual credit are appropriate. This will be...

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Amendment to the HUD Definition of Tuition, Notice H 2015-12

Amendment to the HUD Definition of Tuition, Notice H 2015-12   HUD published Notice H 2015-12 on November 18, 2015, amending the definition of tuition as it relates to both HUD Multifamily ...

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HUD Notice on Designation of Difficult Development Areas and Qualified Census Tracts for 2016

  On November 24, 2015, HUD issued a Notice in the Federal Register designating Difficult Development Areas (DDAs) and Qualified Census Tracts (QCTs) for purposes of the Low-Income...

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Developer Fees - How They are Viewed by the IRS

  Developer fees represent payment for a developer s services and are (at least partly) includable in eligible basis for a Low-Income Housing Tax Credit (LIHTC) project. There are three basi...

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HUD Notice Regarding Exclusion of Use of Arrest Records for Housing Decisions, Notice 2015-10

  On November 2, 2015, HUD issued Notice H 2015-10, Guidance for Public Housing Agencies (PHAs) and Owners of Federally-Assisted Housing on Excluding the Use of Arrest Records in Housing Decis...

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