The Office of the Comptroller of the Currency (OCC) today released a notice of proposed rulemaking to reform the Community Reinvestment Act (CRA) regulations. The OCC was joined by the Federal Deposit Insurance Corporation, which is one of three federal regulators that oversee the CRA. The Federal Reserve Board of Governors did not sign on.
A group of 45 mayors sent a letter to Congressional leaders today calling for the addition of the Affordable Housing Credit Improvement Act of 2019 in any year-end legislative tax package.
The California Tax Credit Allocation Committee (CTCAC) released a memo last week clarifying that applicants or operators of low-income housing tax credit (LIHTC) properties must meet several requirements when proposing to use a LIHTC apartment for a property manager who also qualifies as an income-restricted tenant.
Montana Housing is accepting applications through Dec. 30 for the Multifamily Coal Trust Homes Program, which will provide $15 million of Coal Tax Trust Fund dollars through low-interest loans to develop affordable rental homes. The program was created by H.B.
The Internal Revenue Service will publish final regulations to implement the base erosion and anti-abuse tax (BEAT) in Friday’s Federal Register. Treasury Decision 9885 finalizes proposed regulations published Dec. 21, 2018, and is effective Friday.
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