Online Alerts

Online Alerts

IRS Announces $3.1 Million in 2020 LIHTC National Pool

October 14, 2020    

The Internal Revenue Service (IRS) recently published Revenue Procedure 2020-42 announcing $3,105,001 of unused LIHTCs allocated from the national pool to 33 qualified states for calendar year 2020. The national pool in 2020...

Social Security Benefits to Increase 1.3 Percent in 2021

October 14, 2020    

The Social Security Administration recently announced the Cost-of-Living Adjustment (COLA) for 2021. Social Security and Supplemental Security Income (SSI) benefits for approximately 70 million Americans will increase 1.3 percent in January 2021. Increased payments to more than 8 million SSI...

Tell Non-Filing Residents about IRS Economic Impact Payment Tool

September 16, 2020    

Even residents who don’t file tax returns can still receive their economic impact payments. As a result of the hardships presented by the coronavirus, economic impact payments are still being issued by the Internal Revenue Service (IRS). While most people have received their payment...

SBA, Treasury Issue FAQs on Loan Forgiveness Issues

August 26, 2020    

The U.S. Small Business Administration (SBA), in consultation with the Treasury Department, recently released guidance answering frequently asked questions (FAQs) regarding the forgiveness of Paycheck Protection Program...

Executive Order Directs Agencies to Mull Ways to Prevent Evictions

August 12, 2020    

On Aug. 8, President Trump issued an executive order to address COVID-19-related challenges for renters. The order directs a number of federal agencies, including the Treasury Department and HUD, to consider actions to prevent eviction and foreclosure. It requires the secretaries of Treasury and...

Pressure Builds to Include LIHTC Priorities in COVID Relief Package

July 29, 2020    

As Congress begins work on its next coronavirus relief package, various groups are urging lawmakers to include provisions in the legislation that will provide relief to LIHTC owners and developers. The National Association of Home Builders (NAHB) recently sent a letter to House and Senate...

Bill Would Provide Tax Credit for Supportive Services at LIHTC Sites

July 15, 2020    

Within the Moving Forward Act, the recent infrastructure bill passed in the House of Representatives, is legislation that would provide a tax credit for supportive services in LIHTC buildings. The Opportunity Starts at Home Act would provide permanent, supportive services for people at risk of...

House Infrastructure Bill Includes LIHTC Expansion

June 24, 2020    

House Democrats recently unveiled the “Moving Forward Act,” a $1.5 trillion infrastructure package.

Mayors Ask Congress for LIHTC Enhancements in Next COVID Relief Law

June 10, 2020    

On June 1, 67 mayors representing communities across 28 states and the District of Columbia sent a letter to House and Senate leaders, urging Congress to establish a minimum 4 percent rate for bond-financed properties and lower the “50 percent test” financed-by threshold that bond-...

Report Highlights Preservation Risks Facing Affordable Housing

June 10, 2020    

Nearly 300,000 affordable units could be lost in the next five years, according to a joint report recently released by the National Low Income Housing Coalition (NLIHC) and the Public and Affordable Housing Research Corporation (PAHRC). “2020 Picture of Preservation” says that...

Bill Would Provide $100B in Emergency Rental Assistance

May 20, 2020    

Representatives Maxine Waters (D-CA) and Denny Heck (D-WA), along with 133 House cosponsors, Senator Sherrod Brown (D-OH), and 24 Senate cosponsors, recently introduced the “Emergency Rental Assistance and Rental Market Stabilization Act.” The bill would provide $100 billion in...

House Democrats Pass $3 Trillion Coronavirus Relief Bill

May 20, 2020    

On May 15, House Democrats passed the Health and Economic Recovery Omnibus Emergency Solutions (HEROES) Act, 208-199, which would provide more than $3 trillion for coronavirus relief in programs across government agencies, including significant funding for affordable housing.