Which entity is primarily responsible for issuing the notices regarding LIHTC compliance?

The primary responsibility for issuing notices regarding Low-Income Housing Tax Credit (LIHTC) compliance falls to the Internal Revenue Service (IRS). The IRS oversees the LIHTC program at the federal level, which includes ensuring that properties that benefit from these tax credits adhere to the program’s regulations. These regulations cover various compliance aspects, including tenant income eligibility, rent limits, and the maintenance of affordable housing units.

While state housing finance agencies also play a significant role in the administration and management of the LIHTC program within their jurisdictions, they typically do not issue official compliance notices. Instead, these agencies may monitor compliance and help facilitate the IRS’s requirements, but the IRS ultimately has the authority to enforce the regulations and issue notices as needed.

Local zoning boards focus on land use and zoning regulations, which do not pertain directly to LIHTC compliance. Property management companies are responsible for the day-to-day operations of a property but are not authorized to issue compliance notices regarding the LIHTC program. Therefore, the IRS is the correct entity associated with the issuance of compliance notices for LIHTC.