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

Timing of Income Eligibility Determinations on HUD Properties with Revised Income Limits

HUD has published Rental Housing Integrity Improvement Project Listserv #293 clarifying the HUD policy regarding timing of applicant eligibility determinations on HUD properties when income limits cha...

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Secondhand Smoking Study in Apartments Issued by CDC

If you are in the process of transitioning your apartment complexes to non-smoking - or, if you are already doing so - you may be interested in the findings of a recent study by the Center for Disease...

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Proposed Sandy Relief Legislation Includes Additional Low-Income Housing Tax Credits

On December 10, 2012, Senators Charles Schumer (D-NY) and Robert Menendez (D-NJ) introduced legislation to give tax relief to victims of Superstorm Sandy. The provisions apply to victims of Sandy, as ...

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Revised 2013 Section 8 and MTSP Income Limits Released

(Update 12/26/13) The 2014 income limits have been released. More information can be found here. HUD has revised and released the 2013 income limits. These new income limits supersede the limits re...

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GAO Study of HERA and the LIHTC Program

As required by the Housing and Economic Recovery Act of 2008 (HERA), the General Accountability Office (GAO) of Congress has conducted a study of the impacts of HERA on the Low-Income Housing Tax Cred...

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Setting Up a Home Visit Program

One of the best practices to assist a management company in determining whether an applicant will be a good resident is a home visit program. Before considering the establishment of such a program, ma...

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Generally Allowable Medical Expenses

Generally Allowable Medical Expenses   The rent calculation for many affordable housing programs, including HUD Section 8 and Rural Development Section 515, is based on the adjusted incom...

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IRS Publishes Sandy Disaster Relief Notice

Low-Income Housing Credit Disaster Relief for Hurricane Sandy   The IRS issued Revenue Notice 2012-68 on November 5, 2012, effective after October 22, 2012, providing emergency housing relief a...

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