With the passage of the Consolidated Appropriations Act of 2018, the Low Income Housing Tax Credit (LIHTC) Program gained an additional option for the minimum set-aside test in the form of Average Income. As such, owners of tax credit properties that receive their...
The Low-Income Housing Tax Credit (LIHTC) industry is alive, well, and extremely active these days. That is my #1 takeaway from attending the National Council of State Housing Agency’s (NCSHA) annual Housing Credit Connect (HCC) conference in Chicago in June. The HCC...
As NCHM’s Director of LIHTC Compliance, I was encouraged to find that the National Council of State Housing Agencies’ recently published Recommended Practices in Housing Credit Administration placed additional emphasis on the need for broader and ongoing...
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...
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...
Hi folks! I thought I would share a few recent questions pertaining to LIHTC that we received through eHotline – our free technical assistance service for those with active NCHM certification. Q: Our LIHTC property has two buildings and on question 8b under Part 2 of...
