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It's Hard Being a Low-Income Housing Developer. It May Get Even Harder.

WASHINGTON, DC—A gamified tool highlights the many trade-offs a low-income housing developer must make to push a project across the finish line. New compliance, while perhaps necessary, will make the process that much more difficult.

By Erika Morphy | erikamorphy | | Updated on July 27, 2016
The IRS needs to step up compliance, GAO finds. The IRS needs to step up compliance, GAO finds.

WASHINGTON, DC—If you ever wondered how low-income housing developers are able to make a proposed project pencil out, wonder no more. A new tool that gamifies the decision-making process that goes into the economics of an affordable development shows precisely how difficult the process can be.

 Separately, a US Government Accountability Office report has found that the Internal Revenue Service‘s oversight of allocating tax credit agencies is minimal and recommended joint administration with the US Department of Housing and Urban Development to more efficiently address oversight challenges. Or rather, to be specific, GAO made this finding and recommendation last year.

This year, in an update [PDF] it noted that unlike the IRS, HUD collects and analyzes housing data, and through a Rental Policy Working Group initiative, now adds LIHTC inspection results to its database.

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