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

DOJ Aggressively Pursuing Accessibility Cases

On February 24, 2014, the Department of Justice announced that a federal district court in Jackson, MS approved a settlement of a DOJ lawsuit against the original owners and developers of nine apartme...

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Draft House Tax Reform Act of 2014 Retains (but changes) LIHTC Program

On February 26, 2014, the House Ways & Means Committee under Chairman David Camp released a discussion draft Tax Reform Act of 2014. While tax reform almost certainly not going to happen in 2014, ...

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Social Security Administration Changes Rules Regarding Proof of Income Letters

On February 4, 2014, the Social Security Administration (SSA) announced that effective October 1, 2014, SSA field offices will no longer offer benefit verification letters. Budget cuts are responsible...

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2014 Appropriations Act Makes Changes to Program Rules

The President signed the 2014 Omnibus Appropriations Act into law on January 17, 2014. In addition to funding for the Nation s various housing programs, the Act also made some substantive changes to...

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Farm Bill Protects Rural Area Designation

After a three-year struggle, the Farm Bill (H.R. 2642) was finally passed by Congress on February 4, 2014, and will now go to the President, who has indicated that he will sign the bill into law. The ...

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Domestic Violence Policies

Public housing and assisted housing communities (as well as Low-Income Housing Tax Credit [LIHTC] projects) are subject to the requirements of the Violence Against Women s Act (VAWA). HUD is current...

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Nonprofit Set-Aside Issues for LIHTC Properties

IRC 42(h)(5) requires that a portion of each state s annual credit ceiling be set aside for allocation to projects involving qualified nonprofit organizations. Specifically, at least 10% of the st...

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HUD Amends Verification Requirements

On December 10, 2013, HUD put online a revised transmittal for Handbook 4350.3, Chg. 4. It provided clarification for verification techniques - primarily those relating to EIV disputes and discrepanci...

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