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Apr 29, 2018

HUD-DOJ Initiative to Fight Sexual Harassment in Housing

The Department of Housing and Urban Development (HUD) and the Department of Justice (DOJ) have begun a nationwide initiative intended to combat sexual harassment in housing. This effort includes an in...

Apr 13, 2018

Additional Guidance on the Income Average Test

In order to meet the minimum set-aside, if owners select the new Income Average test, at least 40% of the units in the project must have rents and incomes at the various designated unit income limits ...

Mar 31, 2018

HUD Publishes 2018 Income Limits

On March 30, 2018, HUD published the 2018 income limits for HUD programs as well as for the Low-Income Housing Tax Credit and Tax-Exempt Bond programs. The limits are effective on April 1, 2018. The l...

Mar 27, 2018

More Thoughts on the Income Average Test

This article is a follow up to the one I posted on March 26, 2018, relating to the Average Income Test which was included in the "Consolidated Appropriations Act, 2018," as a third set-aside election ...

Mar 27, 2018

HUD Releases Updated Residents Rights and Responsibilities Brochure - March 2018

On March 8, 2018, HUD s Office of Multifamily Housing Programs released an updated Resident Rights and Responsibilities Brochure. The brochure may be downloaded and printed at www.hud.gov/sites/dfil...

Mar 26, 2018

Income Averaging Discussion and Examples

I posted an article on March 24, 2018, describing the two changes made to the Low-Income Housing Tax Credit (LIHTC) program by the "Consolidated Appropriations Act, 2018," the increase in credits and ...

Mar 24, 2018

Appropriations Act Contains Two Major Changes to the LIHTC Program

The "Consolidated Appropriations Act, 2018" was signed into law by the President on March 23, 2018. The law includes two major changes to the Low-Income Housing Tax Credit Program (IRC 42). &nbsp...

Mar 23, 2018

Congressional Spending Bill Keeps Funding for Many Housing Programs

Congress has approved a $1.3 trillion spending bill designed to provide funding for the federal government for the rest of the fiscal year, which ends September 30. The bill has been sent to the Presi...