LIHTC Update: Rates for April 2023

The Internal Revenue Service (IRS) issued Revenue Ruling 2023-6, which provides various prescribed rates for federal income tax purposes, including applicable federal interest rates, adjusted applicable federal interest rates, and adjusted long-term and tax-exempt...

Draft PBRA HAP Bifurcation Notice Issued

The Office of Multifamily Housing has recently issued a draft Bifurcation Notice for Public Comment to address complexities associated with Section 8 PBRA HAP contract bifurcations, in which single HAP contracts are divided into two or more HAP contracts following HUD...