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Federal Regulations & Notices

IRS Revenue Procedure 2018-57

IRS issued Revenue Procedure 2018-57, providing 2019 per-capita and small state minimum volume cap amounts for the Low Income Housing Tax Credit (Housing Credit) and Private Activity Bonds (PABs).

Final Rule Implementing Violence Against Women Reauthorization Act of 2013 in HUD-Assisted Housing

In November 2017,  HUD published a final rule implementing housing provisions under the Violence Against Women Reauthorization Act of 2013 (VAWA) as it applies to HUD programs. The rule codifies...

IRS 2018-2019 Priority Guidance Plan

On November 8, the Treasury Department (Treasury) and Internal Revenue Service (IRS) issued their 2018-2019 Priority Guidance Plan (PGP) which lists guidance projects on which Treasury and IRS will focus during the twelve-month period from July 1, 2018 to June 30, 2019. The PGP includes several guidance projects related to the Low Income Housing Tax Credit, tax-exempt Housing Bonds, and other HFA priority issues.

IRS Proposed Regulations: Investing In Qualified Opportunity Funds, October 2018

October 19, 2018, the Treasury Department released proposed regulations providing guidance on the Opportunity Zone (OZ) provisions of Internal Revenue Code section 1400Z-2.

IRS Notice 2018-45, Population Figures for Housing Credit Program

In May 2018, Internal Revenue Service (IRS) issued Notice 2018-45 providing state-by-state resident population figures for purposes of determining the 2018 Housing Credit volume cap for each state. The 2018 volume cap currently is the greater of $2.70 per capita or $3,105,000 per state.

Treasury and IRS Request Topics for Priority Guidance Plan: Document Resource

The Department of the Treasury (Treasury) and Internal Revenue Service (IRS) published Notice 2018-43 soliciting public comment on recommendations for items that Treasury/IRS should include in its 2018-2019 Priority Guidance Plan. The Priority Guidance Plan identifies guidance projects that Treasury and IRS intend to work on during the period from July 1, 2018 to June 30, 2019.

IRS Notice 2018-17, Housing Credit Disaster Relief for Puerto Rico

Provides disaster relief guidance specific to Puerto Rico's recovery from Hurricane Maria.

IRS Issues New Housing Credit Per Capita and State Minimum Caps to Account for Increase

IRS issued Rev. Proc 2018-22, modifying the 2018 Housing Credit per capita and small state minimum volume cap amounts to reflect the increase in authority we achieved as part of the Consolidated Appropriations Act of 2018 (omnibus spending bill).

Executive Order Reducing Poverty in America by Promoting Opportunity and Economic Mobility

Orders several federal agencies, including HUD, to review their public assistance programs and propose new policies and regulations to enhance self-sufficiency and economic mobility.