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HUD, TREASURY TO CONSIDER CHANGES TO LIHTC PROGRAM IN COMING YEAR

Monday, December 11, 2006 - 7:45AM

Federal agencies, including the Department of Housing and Urban Development (HUD), Internal Revenue Service (IRS) and Treasury, today published their semiannual regulatory agendas in the Federal Register, listing regulations and other guidance projects that are planned or that will be developed in the coming year. Among the guidance planned are rules in various stages such as one to establish rent levels for project-based unit projects with low-income housing tax credits (LIHTCs) inside and outside of qualified census tracts, and a rule that would amend the Indian Housing Block Grant (IHBG) program regulations to clarify that IHBG funds may be used for project-based or tenant-based rental assistance in LIHTC projects on behalf of a tenant receiving assistance under the Native American Housing Assistance and Self-Determination Act (NAHASDA) of 1996. Click here for a copy of HUD's regulatory agenda. Treasury also has guidance planned regarding amendments to the LIHTC program. 

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