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The IRS recently released a notice inviting public comments on Form 8586, Low-Income Housing Tax Credit. IRS Code Section 42 permits owners of sites providing low-income housing to claim a tax credit for part of the cost of constructing or rehabilitating such low-income housing.

Novogradac & Company LLP recently released a report on the beneficial effects of the LIHTC program. The report explains how LIHTC works and who lives in the affordable rental homes financed by the credit. The report also describes various types of LIHTC sites and looks at the credit from the perspective of residents, state housing agencies, developers, investors, and syndicators. The report also provides summary data to illustrate ...

Q: Your site allows pets, except for pit bulls and certain other dog breeds that your site owner considers to be dangerous. Despite the policy, must you consider a reasonable accommodation request from an applicant who says she’s disabled and needs her pit bull as an assistance animal?

Just a few weeks before lawmakers head home for the holidays, Congress is trying to reauthorize a package of tax provisions. Among the negotiations are many of the tax credits and reductions that individuals and businesses can rely on during the coming tax season in April. Known as “tax extenders” in Washington, these provisions make up a group of about 50 tax reductions and tax breaks that expire every year.

CBRE Group Inc., a commercial real estate services company, recently announced that it has acquired Seattle-based Tax Credit Group, a leading real estate brokerage firm focused on low-income housing tax credit assets. The Tax Credit Group (TCG), which helps clients invest in affordable housing projects will now be called CBRE Affordable Housing. It has listed and closed more than $7.9 billion in low-income housing tax credit real estat...

According to the National Multifamily Housing Council’s 2015 Apartment Resident Preferences Survey, in addition to a convenient location, renters desire fast Internet access. With a growing demand for such a service, the House Commerce Subcommittee of the House Energy and Commerce Committee recently unanimously passed two bipartisan pieces of legislation aimed at increasing high-speed Internet access across the country.

HUD recently issued a proposed rule that would formalize standards for harassment cases under federal fair housing law in both private and publicly assisted housing. Although no formal regulation has been in place, HUD and courts have long held that fair housing law prohibits harassment in housing on the basis of race, color, national origin, religion, sex, disability, and familial status.

In response to receiving a significant increase in resident complaints regarding lease non-renewal, lack of good cause eviction, and other termination of tenancy, Ohio’s Office of Program Compliance recently revised the Low-Income Housing Tax Credit Lease Addendum currently used at LIHTC sites. The revised lease must be used by owners and property managers effective Jan. 1, 2016. For residents that are in place prior to...

According to an analysis recently released by the New York Federal Reserve, it looks like rent increases have been highest for those least able to pay. According to the data, for the highest rents in the U.S., rents didn’t change much between 2011 and 2013. For units with the lowest rents in the U.S., places where the poorest Americans live, average rent inflation was 15.9 percent per year.

Don’t jump to the conclusion that a household has abandoned its unit just because you haven’t seen members of the household for a while and none of the members told you they were vacating early.