The Treasury Department’s second quarter update to its 2012-2013 Priority Guidance Plan added four Low Income Housing Tax Credit (LIHTC) topics. The 2012-2013 Priority Guidance Plan has 317 projects, which are priorities that the Department intends to work on during the plan year, July 2012 through the end of June 2013. The four LIHTC guidance topics are:
- Guidance relating to the application of design and construction accessibility requirements under the Fair Housing Act.
- Regulations relating to compliance monitoring, including issues identified in Notice 2012-18 regarding the Physical Inspection Pilot Program.
- Revenue Procedure updating Revenue Procedure 2007-54, which provides relief in the case of a presidentially-declared disaster.
- Guidance concerning exceptions for any federally or state assisted building.
These items are on pages 14 and 15 of the second quarter update of the 2012-2013 Priority Guidance Plan.