WASHINGTON - The Internal Revenue Service's safe harbor standard on low-income housing is too strict and could have disastrous effects on federal housing programs and organizations seeking tax-exempt status, the Resolution Trust Corp. and housing groups are warning.

The RTC and housing groups issued the warnings in comment letters that they recently submitted to the IRS.

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.