IRS Grants Permanent Authority to Conduct Telephonic Public Hearings for Housing Credit QAPs

On March 18, IRS issued Revenue Procedure 2022-20, providing permanent authority to conduct telephonic public hearings for tax-exempt private activity bonds. IRS provided temporary authority to conduct telephonic public hearings several times during the pandemic, with the most recent authority expiring at the end of March.

The new ruling also permanently allows Housing Credit agencies to conduct Qualified Allocation Plan (QAP) public hearings under the same rules allowed for private activity bond hearings. In Notice 2022-05, IRS extended the ability to conduct telephonic QAP hearings through March 31, 2022, by reference to the private activity bond rules. The new permanent authority to conduct telephonic tax-exempt bond public hearings applies automatically to Housing Credit QAP public hearings.