LIHTC Guide
Jun 1, 2011
HUD is launching two pilot programs to test the feasibility of streamlined physical inspections and subsidy layering reviews for projects with low-income housing tax credits and rental assistance. Th...
Jun 1, 2011
During a meeting of the National Council of State Housing Finance Agencies (NCSHA) in June, an IRS official made it clear that violation of Section 42 gross rent limits because of a utility allowance ...
Jun 1, 2011
On June 2, 2011, Congressman Bill Owens of New York introduced legislation that would exclude the military Basic Allowance for Housing (BAH) from income for eligibility purposes for properties operati...
Jun 1, 2011
In a May 31, 2011 memo to field offices, HUD reiterated, "Projects with low income housing tax credits may include in their budgets the cost of the annual compliance reports (a.k.a. state allocating a...
Apr 1, 2011
Paper checks are being phased out for all federal benefit payments. Beginning May 1, 2011, anyone newly applying for Social Security, Veterans benefits or any other federal benefit, will need to choo...
Apr 1, 2011
At a March 1, 2011 hearing on HUD s fiscal 2012 budget, there was bipartisan agreement on the need to preserve affordable rental housing. While discussion centered generally on budget cutting, Commi...
Apr 1, 2011
The Mississippi Home Corporation (MHC) is requiring all 2011 low-income housing tax credit projects to provide tenant services not usually offered in affordable housing. The requirement, which is par...
Apr 1, 2011
The Ohio Housing Finance Agency (OHFA) is considering the adoption of new requirements for tax credit project market studies. The changes would include new procedures that will demand more comprehens...