LIHTC
IRS Publishes 2022 Population Figures
The Internal Revenue Service published Internal Revenue Bulletin No. 2022-12, which contains calendar year 2022 resident population figures to calculate state allocations of the nine percent LIHTC and private activity bond cap.
2022 Edson Awards Application Open through April 22
The annual Charles L. Edson Tax Credit Excellence Awards (Edson Awards) recognize outstanding affordable housing developments and organizations that have demonstrated especially impactful use of the LIHTC.
NH&RA Joins SLFRF Letter to Congressional Leaders
NH&RA joined with 81 other organizations in a letter sent to Senate Majority Leader Chuck Schumer (D-NY), Senate Minority Leader Mitch McConnell, House Speaker Nancy Pelosi (D-CA) and House Minority Leader Kevin McCarthy (R-CA) on the need to adjust the Coronavirus State and Local Fiscal Recovery Fund (SLFRF) program so that it can be used efficiently to provide long-term loans to LIHTC developments.
Ron Terwilliger on How to Make More Affordable Housing: Expanding the Supply of Affordable Homes for Rent and Sale Must be a National Priority
Ron Terwilliger, founder of the Bipartisan Policy Center’s (BPC) Terwilliger Center for Housing Policy, explains how the U.S. can make housing more affordable in an op-ed for HousingWire.
Department of Energy Extends Categorical Eligibility to Include HUD-Assisted Households
The Department of Energy released Weatherization Program Notice 22-5, which expands client eligibility for the program.
Treasury IG Report Concludes IRS Oversight of Housing Credit Program Can Be Improved
The Treasury Inspector General for Tax Administration (TIGTA) recently released a report on IRS oversight of the LIHTC program calling for improvements.
Dominium Acquires Tennessee, Texas Properties
Dominium announced the closing of its acquisition of Chapel Ridge of Gallatin located at 1590 Airport Road in Gallatin, TN.
BBB Faces New Challenges as Sen. Manchin Withdraws Support
BBB Faces New Challenges as Sen. Manchin Withdraws Support
NH&RA Joins Fiscal Recovery Fund Letter to Treasury Secretary
NH&RA joined with 18 other national housing organizations in a letter to Treasury Secretary Janet Yellen requesting modifications to Treasury’s recent Fiscal Recovery Fund guidance to better align with the LIHTC.
Updated LIHTC Provisions in Senate Build Back Better Act
Over the weekend, the Senate Finance Committee released its portion of the Build Back Better Act, which makes important modifications to the LIHTC provisions in the bill.
NH&RA Joins AIT Letter to Treasury
NH&RA and 30 other housing organizations sent a letter to the Department of the Treasury requesting issuance of a final LIHTC average income test minimum set-aside rule.
IRS Sets Threshold for Four Percent Floor Eligibility
Last week, the Internal Revenue Service published Revenue Ruling 2021-20, which limits the LIHTC buildings that are eligible for the fixed four percent floor.