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…

Breaking Ground

Jennifer Leimaile Ho, Minnesota Housing Commissioner and Incoming Chair of National Council of State Housing Agencies

Pamela Martineau • December 1, 2024 10 min read

Earlier this fall, Jennifer Leimaile Ho was elected chair of the National Council of State Housing Agencies’ (NCSHA) 2025 Board of Directors. Ho is the Commissioner of Minnesota Housing, having been appointed by Governor Tim Walz in January 2019 and reappointed in 2023.

“Business as Usual”

Leaders in Equity Express Optimism Despite an Uncertain Future

Abram Mamet • December 1, 2024 9 min read

Any outside observer may assume some unease amongst the low-income housing industry. Buffeted on the one hand by residual stressors from the COVID-19 pandemic and on the other by the uncertain prospects of an incoming federal administration keen on cutting spending and shrinking government programs, the affordable housing landscape is experiencing an inflection point.

NCSHA Recognizes Stand-Out Affordable Housing Programs and Initiatives

Pamela Martineau • December 1, 2024 7 min read

This fall, the National Council of State Housing Agencies (NCSHA) recognized 17 programs offered by state housing finance agencies across the nation that creatively developed tools to tackle their communities’ affordable housing challenges.