WASHINGTON - The Internal Revenue Service's standard on low-income housing will contradict federal housing policies and be far more restrictive than the housing standards set forth by tax and housing laws even if it is revised, lawyers told an IRS official Friday.

The lawyers attacked the safe harbor standard at a housing conference here after Lynn Kawecki, an IRS official, described the standard and IRS staff proposals for expanding it.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.