Sign Up Today!
The National Council of State Housing Agencies (NCSHA) released updated model forms Oct. 4 for low-income housing tax credit (LIHTC) compliance monitoring.
The Georgia Department of Community Affairs (DCA) sent a notice Dec. 13, 2019, regarding utility allowances and other services for rental housing tenants.
The Kentucky Housing Corporation announced in an email Dec. 19, 2019, that it released the income averaging compliance policy. The federal Consolidated Appropriations Act of 2018 established income averaging as a permanent third set-aside election for new low-income housing tax credit developments.
A private letter ruling from the Colorado Department of Revenue concluded that the state law for partnerships formed for investment in federal and state low-income housing tax credit (LIHTC) developments follows the federal law.
Several housing finance agencies have announced suspensions to physical property inspections of occupied units, in consideration of the COVID-19 public health emergency. Visit www.novoco.com/coronavirus for updates.