Resources
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).
NCSHA Submits Comments to Treasury and IRS in Response to Notice 2016-77
NCSHA submitted comments to Treasury and IRS in response to Notice 2016-77 regarding whether Treasury and IRS should issue guidance clarifying the Low Income Housing Tax Credit (Housing Credit) statute's required preference for projects located in a Qualified Census Tract (QCT) that are subject to a concerted community revitalization plan.
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.
