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Low-Income Housing Tax Credit
https://www.nmhc.org/industry-topics/affordable-housing/low-income-housing-tax-credit/
The Low-Income Housing Tax Credit (LIHTC) is a public/private partnership that leverages federal dollars with private investment to produce affordable rental housing and stimulate new economic develop
Final Regulations: LIHTC Utility Allowances
On July 29, 2008 the Internal Revenue Service (IRS) published long-awaited final regulations that change the way rents are adjusted on Low-Income Housing Tax Credit (LIHTC) properties when residents pay for their own utilities. NMHC led the industry effort for such a change since 2004. The changes go into effect immediately.
Background
Tax credit rents include a utility allowance for resident-paid utilities; however, the methods the IRS has traditionally allowed owners to use to estimate resi
IRS Proposes Changes to Utility Billing Rules for LIHTC Properties
https://www.nmhc.org/advocacy/proposed-legislation-and-regulations/irs-proposes-changes-to-utility-billing-rules-for-lihtc-properties/
In August 2012, the Internal Revenue Service (IRS) has issued a proposed rule (77 FR 46987) that would make changes to current regulations governing utility allowances at Low Income Housing Tax Credit
FHA Makes Favorable Changes to LIHTC Pilot Program Underwriting
The Federal Housing Administration (FHA) issued a memorandum on March
4 to multifamily underwriters in its field offices nationwide that
should make it easier to finance Low-Income Housing Tax Credit (LIHTC)
properties under an FHA pilot program.
FHA’s memo
outlines the waivers necessary to modify the underwriting requirements
for LIHTC financed transactions, including the types of debt that will
be allowed to be considered, but not counted against, the maximum loan
amount (i.e. grants, c
LIHTC Reform Letter 2011
https://www.nmhc.org/advocacy/2011/lihtc-reform-letter-2011/
NMHC/Coalition Letter: Priorities for the Low-Income Housing Tax Credit
9/9/2011 5:09:00 PM
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Apartment Industry Comments on Proposed Changes to Utility Billing Rules for LIHTC Properties
https://www.nmhc.org/advocacy/comment-letters/2012/apartment-industry-comments-on-proposed-changes-to-utility-billing-rules-for-lihtc-properties/
NMHC/NAA led a 10-member industry effort to submit formal comments on Oct. 4, 2012, to the Internal Revenue Service (IRS) on a proposed rule (77 FR 46987)
that would make changes to current regulati
NMHC NAA Letter Supporting the Preserving Investment in Neighborhoods Act
https://www.nmhc.org/advocacy/comment-letters/2017/nmhc-naa-letter-supporting-the-preserving-investment-in-neighborhoods-act/
NMHC/NAA Letter Supporting the Preserving Investment in Neighborhoods Act
3/21/2017 12:00:00 AM
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ACTION Coalition Letter - June 2019
https://www.nmhc.org/advocacy/comment-letters/2019/action-coalition-letter---june-2019/
6/14/2019 12:00:00 PM
Coalition Letter to Treasury Regarding Coronavirus State and Local Fiscal Recovery Fund
https://www.nmhc.org/advocacy/comment-letters/2021/coalition-letter-to-treasury-regarding-coronavirus-state-and-local-fiscal-recovery-fund/
12/10/2021 12:00:00 AM
Coalition Letter Regarding LIHTC Average Income Test
https://www.nmhc.org/advocacy/comment-letters/2021/coalition-letter-regarding-lihtc-average-income-test/
12/3/2021 12:00:00 AM