IRS Provides New Guidance on Physical Conditions

By Caitlin Jones
December 13, 2010 1 min read

Tax Credit Advisor, December 2010: The Internal Revenue Services has provided additional guidance regarding physical suitability requirements for low-income housing tax credit projects, in a new Chief Counsel Advisory (No. 201042025) released October 22.

The tax code provides that a unit may not be treated as a low-income unit unless it is suitable for occupancy. Suitability for occupancy is determined under IRS regulations taking into account local health, safety, and building codes. Housing credit agencies must make periodic on-site inspections of low-income buildings and low-income units as part of their compliance monitoring responsibilities. Read More…

Leveraging NMTC and GGRF

A Synergistic Approach to Community Development

Jennifer Kirkley & Regan St. Pierre • September 13, 2024 6 min read

Increasingly, climate solutions are central to preserving and creating wealth and well-being in communities across the country.

What Can Be Done About Insurance?

NH&RA Panelists Explore Ways to Rein in High Insurance Costs for Affordable Housing

Pamela Martineau • September 1, 2024 6 min read

Meet with your underwriter in person, provide as much data as possible on relevant inspections and offer photos of improvements you’ve made to affordable housing properties. These were just a few of the tips offered at the National Housing & Rehabilitation Association’s Summer Institute Panel: “What Can Be Done About Insurance?”

Rainbow Housing: Transforming Resident Services from Within

Abram Mamet • September 1, 2024 9 min read

For most organizations, radical shifts in market strategy and company makeup generally come after crises. For Rainbow Housing Assistance Corporation (Rainbow), that radical shift came not as a result of significant challenges, but as a way to leverage successful internal practices to better serve the affordable housing industry.