HUD, IRS, Treasury Publish Regulatory Agendas
Federal agencies, including the Department of Housing and Urban Development, Internal Revenue Service (IRS) and Treasury, published their semiannual regulatory agendas, listing hundreds of regulations and other guidance projects that are planned or that will be developed in the coming year. Among the guidance listed in the final rule stage is a rule proposed by HUD that amends 24 CFR 200.54(b) to provide that low-income housing tax credit (LITHC) syndication proceeds and historic tax credit syndication proceeds will be treated in the same manner as funds provided by a grant or loan from a federal, state or local government agency or instrumentality to the extent that these proceeds do not have to be fully disbursed before the disbursement of mortgage proceeds. Click here for a copy of HUD's regulatory agenda. Treasury also has guidance planned regarding multifamily housing bonds and the LIHTC program.