On June 15th, 2018, the National Council of State Housing Agencies (NCSHA) provided comments to the Department of the Treasury (Treasury) and the Internal Revenue Service (IRS) on their recommendations for items that should be included in the 2018-2019 Priority Guidance Plan, as requested in Notice 2018-43.
The National Council of State Housing Agencies (NCSHA), on behalf of the state Housing Finance Agency (HFA) and other Low Income Housing Tax Credit (Housing Credit) allocating agency members, composed a letter to the Department of the Treasury (Treasury) and Internal Revenue Service (IRS) to ensure the successful implementation of the recently enacted new minimum set-aside election for income averaging.
Representative Curbelo sends Dear Colleague Cosponsorship Letter.
On May 17, the congressional Joint Economic Committee (JEC) held a hearing to consider the potential positive impacts that Opportunity Zones tax incentives, enacted in the Tax Cuts and Jobs Act of 2017, could have for low-income communities.
A recent study issued by CohnReznick found Low Income Housing Tax Credit (Housing Credit) properties to be operating better than in any other period during the program’s history.