Recent News
The House of Representatives today approved a sweeping infrastructure bill, voting to send the $1.5 trillion legislation to the Senate. The Moving Forward Act (H.R.
The Internal Revenue Service today released an advance copy of proposed regulations concerning low-income housing tax credit (LIHTC) compliance issues, returning to a previous standard of required inspection of the lesser of the applicable Real Estate Assessment Center (REAC) number of 20 percent of the low-income units in the development.
California Gov. Gavin Newsom today signed a state budget bill that includes an extra $500 million in funding for state low-income housing tax credits (LIHTCs) and exempts the LIHTC from the state’s $5 million annual cap in claiming business tax credits. California’s previous budget bill approved the extra $500 million in annual LIHTCs, subject to the state Legislature appropriating the funds.
Five members of the House of Representatives last week introduced a bill to create a tax credit for providing services to individuals with serious and long-term disabilities who live in low-income housing tax credit (LIHTC)-financed properties.
A report from the Government Accountability Office (GAO) concluded that rental affordability declined from 2001 to 2017 as the number of renters increased from 34 percent of the population to 36 percent.
