One of HUD’s key tools in ensuring affordable housing options for low-income individuals and families is the establishment of income limits. In years past, HUD has released income limits sometime between late March and early April with the stated goal of having...
The Internal Revenue Service (IRS) has released the long-awaited Final and Temporary Regulations on the Average Income Test Minimum Set-Aside for Low-Income Housing Tax Credit (LIHTC) properties. The announcement came on Friday, October 7, 2022, and will be published...
NCHM is pleased to announce that Jennifer Robinson has joined the staff as Senior Associate, Housing Tax Credits. Jennifer brings more than 17 years of housing and training experience to the team, including the past 14 years as Director of Education and Training...
On July 1, 2020, the Internal Revenue Service published IRS Notice 2020-53, which provides temporary relief to owners of Section 42 Low-Income Housing Tax Credit (LIHTC) properties due to the COVID-19 pandemic. The Notice extends previously postponed due dates for...
For those unfamiliar with the Low-Income Housing Tax Credit Program (LIHTC), the number 8823 may have no particular meaning. However, if you are involved in the development, ownership or management of properties utilizing this federal affordable housing program then...
Passed into law on March 27, 2020 in response to the COVID-19 pandemic, the Coronavirus Aid, Relief and Economic Security (CARES) Act includes provision for an eviction moratorium on non-payment of rent for most federal housing programs. It limits owners from filing...
