Property Compliance News Briefs – July 2020

Monday, July 6, 2020

The Connecticut Housing Finance Authority (CHFA) announced guidance on May 12 for developers to seek extensions and relief in connection with low-income housing tax credit allocations affected by the COVID-19 pandemic. The notice from CHFA provides guidance on relief from certain Internal Revenue Service (IRS) requirements and is based on IRS Revenue Procedures 2014-49 and 2014-50 and IRS Notice 2020-23 and IRS Revenue Procedure 2018-58.

Journal Category: 
Property Compliance