LIHTC Guide
Sign in Subscribe

Jun 1, 2011

Michigan Proposing New Rules to Encourage LIHTC Development

The Michigan State Housing Development Authority (MSHDA) has proposed changes to its rules to make projects more feasible for LIHTC developers and to encourage new developers to participate in the pro...

Jun 1, 2011

Maryland Loan Program Provides Financing for Energy Upgrades

The Maryland Department of Housing & Community Development (MDHCD) has established a loan program to finance improvements to energy systems for multifamily developments, single-family homes, and busin...

Jun 1, 2011

House 2012 Funding Bill Cuts RD Across the Board

The House passed the 2012 agriculture appropriations bill (H.R. 2112) on June 16 in which virtually all discretionary spending was cut. The effect of the amendment will result in a reduction in fundi...

Jun 1, 2011

Draft Legislation Would Transfer Rural Housing Service to HUD

The House Financial Services Committee has released draft legislation that would transfer the Rural Housing Service to HUD. The proposed legislation would create a new position at HUD of deputy assis...

Jun 1, 2011

HUD Relaxes Restrictions on ex-Criminals in Public Housing

HUD Secretary Shaun Donovan has issued a letter to public housing agencies clarifying that ex-criminals may live in public housing under certain conditions. HUD outlines only two explicit circumstance...

Jun 1, 2011

HUD Raises Civil Penalty for Failure to Disclose Lead-Based Paint Hazards

HUD has raised the maximum penalty for failure to disclose lead-based paint hazards from $11,000 to $16,000. This is the first increase since 1996. A final rule increasing the penalty goes into effect...

Jun 1, 2011

Congress Unveils New Section 8 Proposals

The House Housing Subcommittee has released a modified version of an earlier Section 8 Voucher Reform proposal, and chances for passage this year look to have improved over what they were earlier. Th...

Jun 1, 2011

HUD Provides Guidance Regarding The Counting Of Cents In Income

The Department of Housing & Urban Development recently issued a clarification regarding whether or not to count the "cents" that show up as part of the gross amount of Social Security income on Social...