IRS Grants Relief from Timing Requirements

And considers issuing COVID-19 compliance guidance.

In late March, the National Council of State Housing Agencies (NCSHA) sent a letter to the IRS and the Treasury Department asking them to take immediate action to provide deadline extensions and other necessary accommodations for the LIHTC program due to the severe disruptions the COVID-19 pandemic is having on construction activities and the ongoing operations of existing LIHTC sites.