Rental property owners who receive assistance from the U.S. Department of Housing and Urban Development (HUD) through debt financing and/or tenant rent subsidies used to develop and preserve affordable housing are subject to several reporting and compliance requirements. On this week’s episode of Tax Credit Tuesday, Michael Novogradac, CPA, and Susan Wilson, CPA, delve into the reporting and compliance requirements that come with these programs. The two discuss what the compliance requirements include, what are some of the common pitfalls or hurdles to know for property owners and managers who use these subsidies or financing and then best practice to avoid violations and/or issues.