Housing Credit Reference Guide
This online reference guide includes links to reference materials useful for HFA Housing Credit program administrators.
1. NCSHA Housing Credit Allocating Agency Reference Materials
2. IRS Housing Credit Guidance
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IRS Regulation 1.42-1
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(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)
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IRS Regulation 1.42-1T
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(Low-Income Housing Credit)
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IRS Regulation 1.42-2
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(Waiver of Ten-Year Rule)
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IRS Regulation 1.42-4
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(Inapplicability of Section 183: “Hobby Loss”)
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IRS Regulation 1.42-5
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(Tax Credit Compliance Monitoring)
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IRS Regulation 1.42-6
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(Building Qualifying for Carryover Allocations)
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IRS Regulation 1.42-8
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(Election of Appropriate Percentage Month)
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IRS Regulation 1.42-9
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(General Public Use)
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IRS Regulation 1.42-10
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(Utility Allowance)
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IRS Regulation 1.42-11
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(Provision of Services)
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IRS Regulation 1.42-12
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(Effective Dates and Transitional Rules)
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IRS Regulation 1.42-13
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(Administrative Errors and Omissions)
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IRS Regulation 1.42-14
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(Allocation Rules for Post- 1989 Ceiling Amounts)
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IRS Regulation 1.42-15
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(Available Unit Rule)
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IRS Regulation 1.42-16
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(Eligible Basis Reduced by Federal Grants)
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IRS Regulation 1.42-17
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(Qualified Allocation Plan) |
| IRS Regulation 1.42-18 | (Qualified Contract Provisions) |
- IRS Revenue Ruling 2016-29 (Allocation Rules for Post-2000 State Housing Credit Ceiling Amount)
- IRS Revenue Ruling 2008-6 (Eligible Basis Reduced By Federal Grants)
- IRS Revenue Ruling 2004-82 (Low-Income Housing Credit Q&A)
- IRS Revenue Ruling 2003-77 (Community Service Facility)
- IRS Revenue Ruling 2002-65 (Eligible basis reduced by federal grants)
- IRS Revenue Ruling 2002-9 (Inclusion of Impact Fees in Eligible Basis)
- IRS Revenue Ruling 98-49 (Effect of SRO and Shelter Plus Care Payments on Eligible Basis)
- IRS Revenue Ruling 98-47 (Tax-Exempt Bond Ruling on Assisted Living)
- IRS Revenue Ruling 97-4 (Clarification of Section 502(e)(3) Transition Relief)
- IRS Revenue Ruling 96-35 (FEMA Grants and Loans)
- IRS Revenue Ruling 95-49 (Tenant Right of First Refusal)
- IRS Revenue Ruling 94-57 (Changes in Area Median Gross Income)
- IRS Revenue Ruling 92- 61 (Treatment of Resident Manager’s Unit)
- IRS Revenue Ruling 91-38 (Low-Income Housing Credit Questions and Answers)
- IRS Revenue Ruling 90-89 (Minimum Set-Aside Requirements)
- IRS Revenue Ruling 90- 60 (Recapture Bonds)
- IRS Revenue Procedure 2018-55 (2018 National Pool)
- IRS Revenue Procedure 2018-57 (2019 Per Capita Adjusted for Inflation)
- IRS Revenue Procedure 2018-18 (2018 Bond Cap)
- IRS Revenue Procedure 2018-17 (Disaster Relief for Puerto Rico)
- IRS Revenue Procedure 2017-54 (2017 National Pool)
- IRS Revenue Procedure 2016-52 (2016 National Pool)
- IRS Revenue Procedure 2015-49 (2015 National Pool)
- IRS Revenue Procedure 2014-61 (2015 Per Capita Adjusted for Inflation)
- IRS Revenue Procedure 2014-50 (Disaster Relief Guidance for Housing Credit Properties)
- IRS Revenue Procedure 2014-49 (Disaster Relief Guidance for Bond- Financed Properties)
- IRS Revenue Procedure 2009-4: Revised Procedures for Issuance of Ruling and Information Letters
- IRS Revenue Procedure 2008-60 (Discontinuing a Surety Bond or Treasury Direct Account)
- IRS Revenue Procedure 2005-37 (Safe Harbor: Extended low-income housing commitments)
- IRS Revenue Procedure 2004-38 (Annual Recertification Waiver)
- IRS Revenue Procedure 2003-82 (Safe Harbor Designations: Occupant Income)
- IRS Revenue Procedure 2001-53 (Impact Fees Includable in Eligible Basis)
- IRS Revenue Procedure 99-11 (Alternative to Surety Bonds)
- IRS Revenue Procedure 96-32 (Safe Harbor Designations: Charitable Organizations)
- IRS Revenue Procedure 95-28 (Relief for Projects in Disaster Areas)
- IRS Revenue Procedure 94-65 (Documentation of Income from Assets)
- IRS Revenue Procedure 94-64 (Waiver of Annual Income Recertification)
- IRS Revenue Procedure 94-57 (Gross Rent Floor)
- IRS Revenue Procedure 92-31 (State Agency Credit Carryover and National Pool)
- IRS Notice 2019-19 (Housing Credit Ceilings and Volume Caps)
- IRS Notice 2018-17 (Disaster Relief for Puerto Rico)
- IRS Notice 2016-77 (Community Revitalization Plan)
- IRS Form 8586: Low-Income Housing Credit
- IRS Form 8609: Low-Income Housing Credit Allocation
- IRS Form 8609 Schedule A: Annual Statement
- IRS Form 8610: Annual Low-Income Housing Credit Agencies Report
- IRS Form 8610 Schedule A: Carryover Allocation of Low-income Housing Credit
- IRS Form 8611: Recapture of Low-Income Housing Credit
- IRS Form 8693: Low-Income Housing Credit Disposition Bond
- IRS Form 8703: Annual Certification of a Residential Rental Project
- IRS Form 8821: Tax Information Authorization
- IRS Form 8823: Low-Income Housing Credit Agencies Report of Noncompliance or Building Disposition
- IRS Form 8877: Request for Waiver of Annual Income Recertification Requirement for the Low-Income Housing Credit
7. Additional IRS Housing Credit Guidance
- Audit Technique Guide IRC 42
- IRS Guide for Completing Form 8823
- Applicable Federal Rates
- IRS Webinar on Completing Forms 8610 and 8609
8. Additional Treasury and HUD Housing Credit Guidance
- Treasury Guidance on Low Income Housing Grants in Lieu of Tax Credits (the Exchange Program) Recapture
- Memorandum of Understanding among the Department of Treasury, the Department of Housing and Urban Development, and the Department of Justice (Fair Housing)
- HUD Handbook: Occupancy Requirements of Subsidized Multifamily Housing Programs
- HUD Income Limit Materials
- Statutorily Mandated Designation of Difficult Development Areas and Qualified Census Tracts
9. NCSHA Correspondence on Federal Housing Credit Guidance
- NCSHA Comments on IRS Revenue Procedure 2018-17 (Concerning Disaster Relief)
- NCSHA Comments to the IRS and Treasury on Notice 2016-77 (Concerning Concerted Community Revitalization Plans)
- NCSHA Comments on Housing Credit Compliance Monitoring Regulations
- NCSHA Comment Letter to HUD on the Fair Housing Assessment Tool
- NCSHA Comment Letter to HUD on Affirmatively Furthering Fair Housing
- NCSHA Comments on CRA Interagency Q&As
- NCSHA Comments to HUD on Fair Housing Rule
- NCSHA Comments to the IRS on Form 8823
- NCSHA Comments to HUD on Federal Alignment Initiative
- NCSHA Comments to the IRS on Section 42 Compliance Regulations
For more information about Housing Credit Programs, please contact Jennifer Schwartz.
