In light of the three major hurricanes and other natural disasters that have occurred in the U.S. this year, I am happy to write about a piece of good news in the form of Revenue Procedure 2014-49, which provides temporary relief for LIHTC owners from certain requirements of Section 42 after the president has declared a major disaster.
Jo Ikelheimer
Jo Ikelheimer has served as NCHM’s Director of LIHTC Compliance since 1998. Jo is the primary architect of NCHM’s Tax Credit Specialist (TCS) course and the lead developer of Blended Occupancy Specialist (BOS). In addition to leading the development of the curricula, Jo trains these courses as well as NCHM’s signature compliance course, Certified Occupancy Specialist (COS).
Recent Posts
Conference explores challenges facing LIHTC
Low Income Housing Tax Credit (LIHTC) professionals gathered from across the country in mid-June at the National Council of State Housing Agency’s Housing Credit Connect conference in Atlanta to review the state of our nation’s housing, learn about current issues and trends in affordable programs, and network with each other. As usual, NCHM was attending and participating on panels.
Recent LIHTC questions from eHotline
Our LIHTC property has two buildings and on question 8b under Part 2 of the 8609 [Are you treating this building as part of a multiple building project for purposes of section 42?], we answered No.