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Stay informed with the latest news and updates regarding the affordable housing industry.

Citi Bank Loan Program

Developers looking to put together LIHTC deals in California, New York, Illinois, Massachusetts, Delaware, Washington DC, and Florida have a new financing option available to them.   Citi Bank ...

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Reduction in Rental Assistance for Section 515 Properties Reduce Pre-Payment Incentives

Federal funding reductions have significantly reduced the amount of rental assistance (RA) available for Rural Development Section 515 projects. As a result of this reduction, the Rural Development Se...

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Social Security COLA Announced

The federal government announced on October 22, 2014 that the Social Security Cost of Live Adjustment (COLA) for 2015 will be 1.7%. This will increase the monthly pension for the average retired work...

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Tenant Selection Plan - Comprehensive Overview of HUD Requirements (October 2014)

Tenant Selection Plan - Comprehensive Overview of HUD Requirements (October 2014) Following are the basic required elements of HUD required Tenant Selection Plans. Managers and owners of properties r...

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HUD Makes Fair Housing Awards in 42 States and DC - October 15, 2014

The Department of Housing and Urban Development announced today (October 15, 2014) that it has awarded $38.3 million to more than 100 fair housing organizations in 43 states and the District of Columb...

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Local Ordinance May Not Be Adequate for Refusal to Allow Certain Breeds as Companion Animals

In Warren v. Delvista Towers Condominium Association, Inc. July 2014, a resident sued a a community for failure to accommodate his disability by allowing him to keep a pit bull as an emotional support...

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Supreme Court to Hear Disparate Impact Fair Housing Case

The United States Supreme Court has agreed to accept a petition to consider the case Texas Department of Housing & Community Affairs (TDHCA) v. Inclusive Communities.   Background Inclusiv...

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Bill Requiring Increases in Minimum Rents for Public Housing, Vouchers and PB Section 8 Introduced in Congress

On September 18, 2014, H.R. 5632 was introduced in Congress in order to reform and update the flat rent structure for public housing. The bill has been referred to the House Committee on Financi...

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