Low-Income Housing Tax Credit

Stimulus-Related Programs

Regulations

• Revenue Procedure 2012-27: Tax Notifications Related to LIHTC
  IRS guidelines on notifying the agency of an increase in tax resulting from a reduction in the qualified basis of a Low-Income Housing Tax Credit (LIHTC) building after a sale. (May 2012)

• Final Regulations: LIHTC-Qualified Contracts
  IRS regulations governing building owners’ requests to housing credit agencies for qualified contracts to acquire a low-income housing tax credit (LIHTC) property. (April 2012)

• Final Regulations: LIHTC Utility Allowances
  NMHC-sought proposed regulations that would change the way rents are adjusted on Low-Income Housing Tax Credit (LIHTC) properties when residents pay for their own utilities. (7/28/2008, Updated 5/5/2009)

• Final Regulations: LIHTC Escrowing Requirements
  Prohibits HUD from requiring tax credit proceeds be escrowed to assure project completion in order to receive a HUD-insured mortgage. (August 2010)

Third-Party Resources

• HUD's LIHTC Database
  Contains information on LIHTC properties placed in service since 1987. Updated annually by HUD.

• Innovative Ideas for Revitalizing the LIHTC Market
  Collection of articles by LIHTC experts commissioned by the Federal Reserve System Board of Governors and the Federal Reserve Bank of St. Louis’s Office of Community Affairs. (November 2009)