In response to the COVID-19 pandemic, the Department of the Treasury and the Internal Revenue Service issued multiple notices providing temporary relief from certain requirements for low income housing tax credit (LIHTC) projects. Relief from the following operational compliance requirements expired on September 30, 2021:
Owners and Operators of low income housing tax credit projects should be aware that these relief provisions are now expired to remain in compliance. With the recent rise in COVID cases, it is possible that future legislation could affect these requirements for affordable housing projects.
For additional considerations please reach out to Trent Senske, CPA, Director, or contact our Real Estate Solutions Team at Mahoney.
10 River Park Plaza, Suite 800
Saint Paul, MN 55107
(651) 227.6695
Fax: (651) 227.9796
info@mahoneycpa.com
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