Daily Archives: October 30, 2020

FHFA Publishes Annual Housing Report To Congress

The Federal Housing Finance Agency (FHFA) has published the Annual Housing Report to Congress, which covers activities for 2019 relating to Fannie Mae and Freddie Mac’s (the Enterprises) housing goals performance, as well as the results of its evaluations and ratings of the Enterprises’ 2019 Duty to Serve performance. FHFA has determined that the Enterprises…

IRS Publishes Rule on Average Income Test

BROADCAST EMAIL – Regulatory Update The Internal Revenue Service (IRS) published a proposed rule in the October 29th Federal Register entitled, “Section 42, Low-Income Housing Credit Average Income Test Regulations.” Once finalized, the rule would provide guidance on implementation of the Average Income Tax (AIT), as established by the Consolidated Appropriations Act of 2018, which…