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House Legislation Would Require LIHTC Property-Specific Reporting to HUD from HFAs

Friday, May 24, 2024 - 9:51AM

Legislation to require annual property-specific reporting by housing finance agencies to the U.S. Department of Housing and Urban Development (HUD) on properties financed by low-income housing tax credits (LIHTCs) was introduced this week in the House of Representatives. According to a press release from co-sponsors Reps. Steven Horsford, D-Nevada, and Emanuel Cleaver, D-Missouri, the Housing Market Transparency Act (H.R. 8500) would require HFAs to report such data as developmental costs, habitability standards and ownership details. The text of the bill was not immediately available.

Novogradac’s Introduction to Low-Income Housing Tax Credits booklet provides an introduction to the LIHTC incentive, with a look into the background and structure of the credit.

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