Compliance Manuals and Rules
NOTE: For HOME Program Manuals and Rules, please visit the HOME Division Manuals and Rules page.
Compliance Guidance Related to COVID–19 – August update (PDF)
Housing Tax Credits
8823 Audit Guide
Guide for Completing Form 8823 Low-Income Housing Credit Agencies Report of Noncompliance or Building Disposition (PDF - IRS.gov)
Revised by the Internal Revenue Service January 2011
IRS Newsletter
LIHTC Newsletter # 45 (PDF)
Provides clarification about utility allowance and gross rent violations for the Housing Tax Credit program.
Current Rules
- Compliance Monitoring Rule – Texas Administrative Code Title 10 Chapter 10
- Subchapter F (Secretary of State website) (effective 7/6/2023)
- Administration - Texas Administrative Code Title 10 Chapter 1
- Subchapter C – Previous Participation (§1.301, §1.302 and §1.303 effective 5/17/2020)
- Affirmative Marketing and Written Policies and Procedures – Texas Administrative Code Title 10 Chapter 10 Subchapter G (effective 5/17/2020)
- Enforcement – Texas Administrative Code Title 10 Chapter 2 (Secretary of State website)
- Military Basic Housing Allowance Memo (DOCX)
- TDHCA Enabling Legislation - Texas Government Code Chapter 2306
Regulations & Rulings
Federal Housing Tax Credit Regulations
- Internal Revenue Code Section 42 (PDF - novoco.com)
- Additional Treasury Regulations (novoco.com)
- IRS Regulations on Compliance Monitoring (PDF)
Relevant IRS Rulings
- Revenue Ruling 90-60 - Recapture Bonds
- Revenue Ruling 90-89 - Minimum Set-Aside Requirements
- Revenue Ruling 91-38 - Low Income Housing Credit Questions and Answers
- Revenue Ruling 92-61 - Treatment of Resident Manager's Unit
- Revenue Ruling 94-57 - Changes in Area Median Gross Income
- Revenue Ruling 95-49 - Tenant Right of First Refusal
- Revenue Ruling 96-35 - FEMA Grants and Loans
- Revenue Ruling 97-4 - Clarification of Section 502(e)(3) Transitional Relief
- Revenue Ruling 98-47 - Tax-Exempt Bond Ruling on Assisted Living
- Revenue Ruling 98-49 - Effect of SRO and Shelter Plus Care Payments on Eligible Basis
- Revenue Ruling 2002-65 - Eligible Basis Reduced by Federal Grants
- Revenue Ruling 2004-82 - Answering 12 Questions about Low-Income Housing
- Revenue Procedure 92-31 - State Agency Credit Carryover
- Revenue Procedure 94-57 - Gross Rent Floor
- Revenue Procedure 94-64 - Waiver of Annual Income Recertification
- Revenue Procedure 94-65 - Documentation of Income from Assets
- Revenue Procedure 95-28 - Relief for Projects in Disaster Areas
- Revenue Procedure 96-32 - Safe Harbor Designations: Charitable Organizations
- Revenue Procedure 99-11 - Alternative to Surety Bonds
- Revenue Procedure 2003-82 - Safe Harbor Designations: Occupant Income
- Revenue Procedure 2005-37 - Safe Harbor to Comply with Evictions and Rent Increases
- Revenue Procedure 2007-54 - Temporary Relief for Properties in Major Disaster Areas
- Notice 88-90 - Income Determination
- Notice 88-91 - Definition of a Building
- Notice 88-116 - Placement in Service
- Notice 2002-64 - New Markets in Tax Credit
