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Housing Credit Reference Guide

Published on March 5, 2020

Housing Credit Reference GuideThis online reference guide includes links to reference materials useful for HFA Housing Credit program administrators.

    1. NCSHA Housing Credit Allocating Agency Reference Materials
    2. Internal Revenue Code Section 42
    3. Housing Credit Guidance
      1. Housing Credit Regulations (IRS Regulations)
      2. Most Recent Recurring Housing Credit Publications
      3. IRS Revenue Rulings
      4. IRS Revenue Procedures
      5. IRS Notices
      6. Other Housing Credit Guidance
    4. IRS Forms
    5. NCSHA Correspondence Relating to the Housing Credit

1. NCSHA Housing Credit Allocating Agency Reference Materials

2. Internal Revenue Code Section 42 (Housing Credit Statute)

3. Housing Credit Guidance

3i. Housing Credit Regulations

Limitation on low-incoming Housing Credit allowed with respect to qualified low-income buildings receiving Housing Credit allocations from a State or local Housing Credit Agency
Low-Income Housing Credit
Waiver of Ten-Year Rule
Buildings financed with proceeds from a loan under an Affordable Housing Program established pursuant to section 721 of FIRREA
Inapplicability of Section 183: “Hobby Loss”
Tax Credit Compliance Monitoring
Building Qualifying for Carryover Allocations
Election of Appropriate Percentage Month
General Public Use
Utility Allowance
Provision of Services
Effective Dates and Transitional Rules
Administrative Errors and Omissions
Allocation Rules for Post- 1989 Ceiling Amounts
Available Unit Rule
Eligible Basis Reduced by Federal Grants
Qualified Allocation Plan
 IRS Regulation 1.42-18 Qualified Contract Provisions

3ii. Most Recent Recurring Housing Credit Publications

3iii. IRS Revenue Rulings

3iv. IRS Revenue Procedures

3v. IRS Notices

3vi. Other Housing Credit Guidance

4. IRS Forms

5. NCSHA Correspondence Relating to the Housing Credit


For more information about Housing Credit Programs, please contact Jennifer Schwartz.