Tax Credit Housing Management Insider

FEATURE

HUD Further Delays Certain Provisions of HOME Final Rule, Including Tenant Protections

The delay also affects the rule’s green building subsidy revisions.

Apr 29, 2025

Although most of the rule became effective on April 20, 2025, HUD postponed the effective date of two significant provisions until Oct. 30, 2025: the rule’s green building subsidy revisions and its expanded tenant protection requirements, both of which will be subject to additional public comment before taking effect.

INCOME CALCULATIONS

How to Handle Income Changes from the Social Security Fairness Act

SSA began issuing retroactive lump sum payments in March and increasing monthly payments in April for some public-sector retirees.

Apr 28, 2025

Eric Yoo

The Social Security Administration began issuing retroactive lump sum payments in March and increasing monthly payments in April for some public-sector retirees.

INCOME CALCULATIONS

How to Apply HUD's 2025 Income Limits

The new income limits must be implemented no later than May 16.

Apr 28, 2025

Eric Yoo

We’ll review how the limits have changed for 2025 and explain how to apply them. We’ll also discuss how an owner’s minimum set-aside election on IRS Form 8609 determines which income limits apply to a LIHTC property.

IN THE NEWS

IRS Publishes Population Figures for Calculating 2025 LIHTCs and Bond Caps

The 1.5% increase in U.S. population from 2024 to 2025 along with the higher per capita multipliers have contributed to record-setting allocation levels for the upcoming year.

Apr 27, 2025

Eric Yoo

The IRS recently released population data in Notice 2025-18 that will be used to calculate each state’s limits for 9 percent Low-Income Housing Tax Credits (LIHTCs) and private activity bonds (PABs). These figures determine the annual volume caps for these critical affordable housing resources. The new figures reflect both an increase in national population and an increase in the per capita allocation rates, resulting in record-high national totals.

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Tax Credit Housing Management Insider

May 2025