Sign Up For Novogradac Industry Alert Emails

Property Compliance News Briefs - December 2023

The California Tax Credit Allocation Committee (CTCAC) issued guidance Oct. 2 that aimed to help clarify waivers granted in September by the U.S. Department of Housing and Urban Development (HUD) to ease access to Housing Choice Vouchers and Project-Based Vouchers for those who have experienced homelessness. HUD granted the waivers to the Housing Authority of the City of Los Angeles and the Los Angeles County Development Authority from Aug. 21, 2023, through Aug. 17, 2024. CTCAC aimed to clarify self-certification needs about compliance with the low-income housing tax credit incentive for Social Security numbers, date of birth, disability, applicant income and validity of income.

***

The Iowa Finance Authority’s (IFA’s) asset management team released guidance on the average income test in September. The guidance was available via the manuals and reference guides on IFA’s website. Updated forms and compliance manual information including the Housing Opportunity through Modernization Act of 2016 were forthcoming.

Journal Category:

Property Compliance

Authors:

Novogradac

Learn more about Novogradac's expertise and many services