Federal Regulations & Notices
HUD Federal Register Notice on DDAs and QCTs
HUD published a Notice in the Federal Register designating Difficult Development Areas (DDA) and Qualified Census Tracts (QCT) for 2018.
IRC ยง42, Low-Income Housing Credit Audit Technique Guide
This Audit Technique Guide provides guidance to IRS auditors involved in oversight of the Low Income Housing Tax Credit program participants. The document is not an official pronouncement of the law or the position of the Service and cannot be used, cited, or relied upon as such. The guide is current through the revision date. Since changes may have occurred after the revision date that would affect the accuracy of this document, no guarantees are made concerning the technical accuracy after the revision date (8/11/2015).ย
IRS Revenue Procedure 2014-49
On April 10, the Internal Revenue Service published Notice 2020-23 providing additional relief for taxpayers affected by the coronavirus pandemic. The Notice provides that taxpayers have until July 15, 2020 to perform specified time-sensitive actions that are due to be performed on or after April 1, 2020, and before July 15, 2020.
IRS Revenue Procedureย 2014-50
In the context of a Major Disaster, this revenue procedure provides temporary relief from certain requirements of ยง 142(d) of the Internal Revenue Code for Issuers and Operators. This revenue procedure also provides emergency housing relief for individuals who are displaced by a Major Disaster from their principal residences in certain Major Disaster Areas. This revenue procedure provides relief for both Bond Projects and Bond/LIHTC Projects. For Bond/LIHTC Projects, see also Rev. Proc.
