Tag: low income housing tax credit

IRS Provides Clarity on LIHTC Income Limits

Filed in Economics, Multifamily by on February 11, 2020 0 Comments
IRS Provides Clarity on LIHTC Income Limits

The Internal Revenue Service recently released revenue ruling 2020-4 that instructs taxpayers how to calculate Low-Income Housing Tax Credit (LIHTC) income limits should they choose to use the income averaging minimum set-aside test to meet LIHTC eligibility and compliance requirements.

Continue Reading »

House and Senate Introduce Bipartisan Bills to Improve Low-Income Housing Tax Credit

Filed in Capitol Hill, Housing Finance, Multifamily by on June 4, 2019 2 Comments
House and Senate Introduce Bipartisan Bills to Improve Low-Income Housing Tax Credit

After months of work by NAHB’s Housing Credit Group members, legislation has been introduced in the House and Senate to improve the Low-Income Housing Tax Credit, as well as provide it with additional resources.

Continue Reading »

New LIHTC Webinar Offers Updates to Income Averaging Questions

Filed in Education, Multifamily by on November 30, 2018 0 Comments
New LIHTC Webinar Offers Updates to Income Averaging Questions

This Dec. 12 webinar answers questions we received about the new Income Average Test, which Low Income Housing Tax Credit professionals must consider to maintain compliance at tax-credit properties.

Continue Reading »

House to Take Up Tax Extenders, Fix for LIHTC Veterans Projects

Filed in Capitol Hill, Multifamily by on November 27, 2018 1 Comment
House to Take Up Tax Extenders, Fix for LIHTC Veterans Projects

House Ways and Means Committee Chairman Kevin Brady last night released a broad tax package that the House is expected to consider later this week. The legislation includes retirement and other savings enhancements, reforms to the Internal Revenue Service, and temporary tax relief for victims of recent natural disasters.

Continue Reading »

Will Lawmakers Address the Low Income Housing Tax Credit in the Lame Duck Session?

Filed in Capitol Hill, Multifamily by on November 14, 2018 0 Comments
Will Lawmakers Address the Low Income Housing Tax Credit in the Lame Duck Session?

NAHB is focused on the potential that tax legislation will be part of this lame duck session, and we are working with our congressional supporters to press our Low Income Housing Tax Credit priorities.

Continue Reading »

Fannie Mae, Freddie Mac Re-enter the Low Income Housing Tax Credit Market

Filed in Housing Finance by on November 16, 2017 0 Comments
Fannie Mae, Freddie Mac Re-enter the Low Income Housing Tax Credit Market

In a positive development that should help boost the affordable housing market, the Federal Housing Finance Agency (FHFA) announced today that Fannie Mae and Freddie Mac will be allowed limited re-entry into the Low-Income Housing Tax Credit (LIHTC) market as equity investors, effective immediately.

Continue Reading »

IRS Authorizes LIHTC Owners to Provide Emergency Housing for Disaster Victims

Filed in Disaster Response by on September 29, 2017 0 Comments

The Internal Revenue Service announced that the owners and operators of low-income housing tax credit (LIHTC) projects may use vacant units to provide emergency housing to individuals, regardless of income, displaced by a major disaster.

Continue Reading »