Income Averaging Tag Archives

OHFA 2019 LIHTC Round Updates

The Ohio Housing Finance Agency (OHFA) sent notice that the maximum Housing Development Loan (HDL) for 9 percent tax credit projects will be $1.25 million and $1.75 million for Permanent Supportive Housing Projects. OHFA does not anticipate having any HDL funding remaining for 4 percent tax credit projects in 2019.

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CHFA Daylong Intensive: Understanding Federal Tax Credits – Feb. 14

Join the Colorado Housing and Finance Authority (CHFA) and Novogradac and Co. on Feb. 14 from 9 am to 4 pm MT for a daylong intensive on Understanding Federal Tax Credits. Stephanie Naquin with  Novogradac & Co. will present an overview of the federal Low Income Housing Tax Credit (LIHTC) program and touch on new Income Averaging guidelines.

This class is appropriate for anyone seeking entry into the Tax Credit field, or those needing general knowledge of the program, such as Board members or investors. Chfareach members can register for $345 , while non-members can register for $395.

Treasury Releases Priority Guidance Plan

The U.S. Department of the Treasury released its 2018-2019 Priority Guidance Plan.  Part one covers implementation of the Tax Cuts and Jobs Act of 2017. Notably, the first item in this section is issuing regulations for LIHTC income averaging. The plan also includes issuing regulations for utility allowances under the LIHTC, clarification and revision of certain NMTC rules and a revenue procedure concerning the use of the HTC in disaster relief.