Application and Allocation Fees in LIHTC Eligible Basis

NAHB urges the IRS to allow low-income housing tax credit application and allocation fees to be included in eligible basis to accurately reflect the capital expenditures in calculating the tax credit amount for the property. Should the IRS not allow this, NAHB urges Congress to enact legislation that will make the necessary revision.

Resolution reaffirmed: 06/2012

Resolution reaffirmed: 05/2008

Resolution originally adopted: 10/2004, Resolution Number 10

Committee with primary jurisdiction: Multifamily Council Board of Trustees

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