Treasury/IRS put of the Low-Income Housing Credit (LIHC) Newsletter no. 49.
The newsletter discusses Rev. Proc. 2012-27, which provides the instructions for providing notice to the IRS if there has been a reduction in qualified basis resulting in an increase in tax under IRC §42(j). It discusses IRSs proposed utility allowance calculation rule for submetering and completing the Form 8823.
A copy of the newsletter may be found here: http://www.nahma.org/member/Tax%20Credit/LIHC%20Newsletter%2049.pdf