IRS Releases Updated 8823 Guide

February 26, 2024    

Minor changes may indicate more significant updates to come.



The IRS recently issued updated guidance for completing Form 8823, the form used by state and local LIHTC agencies to notify the IRS in the event of noncompliance or building disposition. The Guide...

Inspect Interior Common Areas Periodically for Potential Hazards

January 31, 2024    

As a site owner or manager, it’s a good idea to check the interior common areas of your tax credit site regularly for safety hazards. If you find problems, you must immediately correct them, or risk legal liability for any potential injuries to residents, their guests, or visitors to the...

HUD Offers New NSPIRE Inspection Checklist

November 29, 2023    

Use the checklist to prepare your site for inspection under NSPIRE.



HUD Delays HOTMA Implementation for Multifamily Housing

October 30, 2023    

HUD recently issued Notice H2023-10 that provides guidance to multifamily housing owners regarding the implementation of the many program changes brought about by the Housing Opportunity Through Modernization Act of 2016 (HOTMA). The recent notice makes implementation changes for sections 102...

HUD Charges Owner with Disability Discrimination

September 29, 2023    

The case shows how mishandling situations involving assistance animals could cost you.


HUD recently charged an owner with violating the Fair Housing Act by refusing a resident’s request for a disability-related reasonable accommodation to keep an assistance animal...

Get Extended Use Restriction Agreement Signed and Recorded

June 28, 2023    

If you don’t, the IRS may cite you for noncompliance, and the owner may lose its tax credits.


HUD Aligns Inspection Regulations, Publishes NSPIRE Final Rule

May 25, 2023    

After seven years of working towards consolidating, updating, and improving the Housing Quality Standards (HQS) and the Uniform Physical Condition Standards (UPCS) to implement a single inspection protocol for HUD-assisted units, HUD recently published the final rule for the Physical Inspection...

HUD Proposes Updated Housing Inspection Scoring Methodology

April 27, 2023    

Unless the IRS states otherwise, as of Oct. 1, the inspection standards for monitoring will become NSPIRE.


Record Retention Requirements to Keep in Mind When Spring Cleaning

April 27, 2023    

The spring season’s warm weather and rainy days may motivate you to conduct a thorough spring cleaning of your office files. But before you clean out your file cabinets or declutter your computer files, it’s important to review the LIHTC program’s recordkeeping and retention...

HUD Publishes Fact Sheet on Assistance Animals and Fair Housing

January 31, 2023    

HUD’s Office of Fair Housing and Equal Opportunity recently published a fact sheet to educate housing providers and persons with disabilities who seek reasonable accommodations related to assistance animals. The fact sheet can be found at...

5 Tips for Dealing Correctly with Different Unit Types

January 2, 2023    

When complying with the tax credit law, you must follow different rules depending on which of the five types of tax credit units you’re dealing with. But tax credit managers often get confused about which rules apply to which type of unit, or even about how each unit type differs. If this...

IRS Extends Placed-in-Service and Other COVID Relief Deadlines

October 31, 2022    

In an announcement made in early October, the Biden administration announced key progress on implementing its Housing Supply Action Plan. The plan aims to create and preserve hundreds of thousands of affordable housing units in the next three years and help close the country’s critical...