IRS Issues Final Rule on Physical Inspections and Compliance Monitoring

IRS Issues Final Rule on Physical Inspections and Compliance Monitoring



On Feb. 26, the IRS issued final regulations for LIHTC compliance monitoring. The regulations replace the temporary compliance monitoring regulations under which state housing agencies have been operating since 2016. The new regulations make several changes to compliance monitoring requirements, including in some cases increasing the number of units in a property that housing agencies will need to monitor. The final regulations became effective immediately.

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