Access the latest Washington Report: Read More

Federal Regulations & Notices

USDA Rural Development Unnumbered Letter on Management of Unused Rental Assistance

An “Unnumbered Letter” allowing state RD offices to reallocate unused rental assistance (RA) within their states without approval from the national office, reversing a policy in place since 2013 requiring state offices to return unused RA to the national office to be recaptured.

IRS Published Final Regulations on Housing Credit Utility Allowance

The Internal Revenue Service (IRS) published in the Federal Register combined final regulations amending the Housing Credit utility allowance rules to provide greater clarity for Housing Credit properties that submeter to account for actual tenant energy consumption, and temporary regulations for properties in which an owner acquires energy directly from renewable sources, rather than from a utility company.

IRS Notice 2016-77

Treasury and IRS issue Notice 2016-77 regarding the Low Income Housing Tax Credit (Housing Credit) and Qualified Census Tract (QCT).

IRS Published Revenue Procedure 2016-15

The Internal Revenue Service (IRS) issued regulations amending the Low Income Housing Tax Credit (Housing Credit) compliance monitoring requirements to revise and clarify physical inspection and certification review rules. In conjunction with the new regulations, IRS published Revenue Procedure 2016-15, which further explains the implementation of the new regulations.

IRS Publishes Regulations Amending the Housing Credit Compliance Monitoring Requirements

The Internal Revenue Service (IRS) issued regulations amending the Low Income Housing Tax Credit (Housing Credit) compliance monitoring requirements to revise and clarify physical inspection and certification review rules.

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.