Tax Credit Housing Management Insider

Feature

Consider 5 Items When Negotiating Rooftop Leases

November 26, 2024    
Solar panel and cell tower leases can increase cash flow and meet sustainability goals.    
Compliance

Placed-In-Service COVID-19 Relief Deadline Approaching

November 26, 2024    
For certain owners, the final relief deadline of Dec. 31, 2024, is just around the corner.     The clock is ticking for a subset of LIHTC owners who have benefited from COVID-19 relief measures. The extended deadline provided by the IRS for placing buildings in service under 2020 and 2021...
In the News

AHTCC Releases Report on How LIHTC Reduces Rent Burdens

November 26, 2024    
A recent report by the Affordable Housing Tax Credit Coalition (AHTCC) highlights the substantial cost savings that LIHTC-financed sites provide to low-income tenants. By quantifying the rent savings provided to tenants, the report emphasizes the value of the LIHTC program in addressing the nation...
In the News

IRS Publishes Unused Housing Credit Carryovers for 2024

November 26, 2024    
The IRS will allocate $3.8 million in unused federal low-income housing tax credits (LIHTCs) as a carryover to 29 states [Revenue Procedure 2024-41]. Last year’s carryover allocation was $11.4 million in two parts. The first was in October 2023 and second one in April 2024. A state’s...
In the News

Texas Proposes Changes to LIHTC Allocation, Occupancy Priorities

November 26, 2024    
Legislation focuses on access to groceries and teacher housing.   Two bills recently were introduced in the Texas Legislature seeking to influence how LIHTCs are allocated and used in the state. These two measures, one introduced in the Texas House of Representatives and the other in the...
Feature

Best Practices for Implementing an Integrated Pest Management Program

October 30, 2024    
IPM is the gold standard for protecting your site and residents from pests.     One of the biggest challenges for owners and managers is pest management. Especially when fall begins and the weather turns colder, pest activity changes as many species seek warmth, shelter, and food....
Income Calculations

IRS Excludes Veteran Disability Benefits from Income Calculations

October 30, 2024    
This should make it easier for veterans to qualify for affordable housing.     The IRS recently released Revenue Procedure 2024-38, which provides guidance on the alternative income eligibility requirements for the Department of Housing and Urban Development–Veterans Affairs...
Income Calculations

SSA Sets Cost-of-Living Adjustment for 2025

October 30, 2024    
COLA increase set at 2.5%.    
In the News

2025 LIHTC and Bond Volume Caps Hit New Records

October 30, 2024    
On Oct. 22, the Internal Revenue Service announced an increase in the LIHTC and private-activity bond volume caps for 2025. The announced changes represent a milestone in the effort to bolster affordable housing financing across the country. Both the 9 percent LIHTC multiplier and the private...
In the News

California to Cap LIHTC Rent Increases

October 30, 2024    
A new state law broadens the CTCAC regs to include all LIHTC developments.   California Governor Gavin Newsom recently signed a bill (AB846) into law that will limit rent increases for tenants in LIHTC sites across California. This legislation is the latest effort in California to place a...