Idaho AHMA offers its Members updated information on the complex Internal Revenue Service - Section 42 compliance issues from NAHMA, the IRS Newsletter and other sources. You will find web links to valuable resources, regulatory references, and public policy positions.

• IHFA Tax Credit Housing Compliance
• Internal Revenue Service: Compliance & Enforcement News
• National Council of State Housing Agencies (NCSHA)
• Novogradac & Company LLP
• Recapitalization Advisors, Inc.
• Affordable Housing Finance
• Low Income Housing Credit Newsletter produced by the Grace Robertson of the IRS (NAHMA members only). The LICH newsletter provides a forum for networking and sharing information about IRC Section 42, the Low-Incoming Housing Credit and communicating technical knowledge and skills, guidance and assistance for developing LIHC issues.

Tax Credit Compliance Articles

This list of articles are from NAHMA's Tax Credit website. Only members of NAHMA have access to these articles.

• No Annual Recerts for 100% LIHC Projects
  By Grace Robertson, NAHMA NEWS, November/December 2008
• Conflicting Requirements at Tax Credit Projects
  By A.J. Johnson, NAHMA NEWS, September/October 2008
• NAHMA Delivers Position on LIHTC Recommendations
  By Allan B. Pitner, NAHMA NEWS July/August 2008
• Staying the Course Critical in LIHTC Management
  By Allan B. Pitner, NAHMA NEWS May/June 2008

HUD's Online Training for the Tax Credit Program

http://www.hud.gov/offices/cpd/affordablehousing/training/web/lihtc/basics/

This topic is designed to provide a basic introduction to the LIHTC Program. After completing the topic, you will be able to:

• Describe how housing tax credits work;
• Identify the basic eligibility requirements to participate in the program;
• Explain how housing tax credits are allocated; and
• Describe how developers syndicate tax credits in order to obtain up-front equity capital.

This topic will cover the following subjects:

• How Do Housing Tax Credits Work?
• Allocating Housing Tax Credits
• Eligibility
• Syndication

Recent Tax Credits Updates

Listed below are the most recent news updates regarding Tax Credits. You do not need to be a member of Idaho AHMA to view these updates.