Online Alerts

Online Alerts

IRS, Treasury Propose Average Income Test Regs

November 11, 2020    

On Oct. 29, the IRS published for public comment a notice of proposed rulemaking on the Housing Credit Average Income Test minimum set-aside.

Voucher Protection Laws Expand at State and Local Levels

November 11, 2020    

The share of voucher holders covered by voucher protection laws is growing, according to a recent report from The Urban Institute and the Poverty & Race Research Action Council (PRRAC). Their dataset and accompanying report entitled,...

IRS Announces 2021 LIHTC, Bond Caps

October 28, 2020    

The Internal Revenue Service has announced an increase in the private-activity bond volume cap while the low-income housing tax credit (LIHTC) multiplier will remain the same in 2021. The multiplier is $2.8125, which is multiplied by a state’s population to determine the volume of 9...

HUD Marks National Lead Poisoning Prevention Week

October 28, 2020    

Despite the important focus on COVID-19, lead safety in the home remains a high priority for all Americans. HUD has joined the U.S. Environmental Protection Agency, the Centers for Disease Control and Prevention, and additional partners, in highlighting this issue during National Lead Poisoning...

NFHA Files Lawsuit Challenging Revisions to the Final Disparate Impact Rule

October 28, 2020    

The National Fair Housing Alliance (NFHA), the NAACP Legal Defense and Educational Fund, Inc. (LDF), Fair Housing Advocates of Northern California, and BLDS, LLC filed a federal lawsuit to challenge HUD’s recent revisions to the final disparate impact rule that shifted the burden of proof...

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...