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TREASURY PLANS LIHTC GUIDANCE

Thursday, February 7, 2013 - 8:00AM

The U.S. Treasury on Tuesday added several low-income housing tax credit (LIHTC)-related objectives to its Priority Guidance Plan in its second quarter update. Treasury added plans to provide guidance under §42 relating to the application of the design and construction accessibility requirements under the Fair Housing Act; address regulations under §42 relating to compliance monitoring, including issues identified in Notice 2012-18; issue a revenue procedure updating Revenue Procedure 2007-54, which provides relief under §42 in the case of a presidentially declared disaster; and provide guidance concerning the exception under §42(d)(6) for any federally or state assisted building.

Tune in to the Feb. 12 Tax Credit Tuesday podcast to learn more about Treasury’s priority guidance plan.

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