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

2014 Income Limits Published

On December 18, 2013, HUD published the 2014 income limits for HUD programs as well as for the Low-Income Housing Tax Credit and Tax-Exempt Bond programs. The limits for the LIHTC and Bond projects ar...

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Fair Housing Reminders During the Holidays

As we approach the holiday season, it is important to remember the fair housing prohibition against discrimination on the basis of religion. There is absolutely nothing wrong with being festive durin...

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Developer Fees in Eligible Basis

The most important calculation in the LIHTC program - at least in terms of credit generation - is qualified basis. Qualified basis is directly related to the amount of eligible basis (Eligible Basis t...

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Small HUD Projects Get Break from Financial Reporting

HUD projects that receive less than $500,000 in total federal financial assistance annually no longer have to have full financial audits performed. HUD Notice 2013-23 eliminates the audit requirement ...

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HUD Mortgage Insurance Premiums for LIHTC Projects

HUD published a Notice in the Federal Register on September 26, 2013, clarifying that conventional or FHA-insured projects with existing LIHTC s, and other affordable projects that meet LIHTC afford...

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Landmark Fair Housing Decision Goes Against Hazleton, PA

On July 26, 2013, a Federal District court issued an opinion that may once and for all answer the question as to whether local governments can enforce laws that relate to the immigration status of ind...

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HUD Changes to Appendix 3 of 4350.3 - Acceptable Forms of Verification

Along with the recent publication of Change 4 to HUD Handbook 4350.3, HUD also amended Appendix 3, Acceptable Forms of Verification. Some of the changes are worth noting, as follows (changes are shown...

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IRS Approves Same-Sex Marriage for Tax Purposes

Yesterday, I sent you an email that the IRS had not yet decided whether to recognize same-sex marriage for purposes of filing a joint federal tax return. I also indicated that I believed this was clea...

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