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

Lack of Habitability – Impact on the Applicable Fraction

The LIHTC program requires that in order for credits to be claimed, low-income projects and units must be suitable for occupancy under regulations prescribed by the Secretary of the Treasury. Units th...

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Red Flags Rule

The Federal Trade Commission (FTC) has issued a new rule that goes into effect on January 1, 2011, called the Red Flags Rule. This rule requires certain businesses to develop written plans to fi...

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RD Issues Unnumbered Letter Regarding Non-Smoking Properties

On December 29, 2010, the Rural Development Service issued an Unnumbered Letter outlining the policies that owners of RD assisted properties may put into place if they wish to ban smoking at RD assist...

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Rural Development Focusing on Energy Efficiency for New Projects

In FY 2010, the Rural Housing Service funded 31 multifamily housing projects; in each case, energy efficiency was made a priority. The goal of RHS is net zero energy usage, meaning that the rene...

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HUD Issues Violence Against Women Act (VAWA) Rule

In the October 27, 2010 Federal Register, HUD published the final rule implementing the Violence Against Women Act (VAWA). The final rule clarifies and expands on previous guidance regarding owner an...

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Pending Legislation Would Reform Section 202 & 811 Programs

Congress has approved bills to reform the Section 202 and 811 supportive housing programs for the elderly. S.118 revised the prepayment and refinancing provisions of the law for Section 202 projects ...

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Notice Requiring Owners with Project-Based Rental Assistance Contracts or Section 202 or 811 Project Rental Assistance Contracts to Obtain Dun and Bradstreet Numbering System (DUNS) Numbers and to Register in the Central Contractor Registration (CCR)

HUD issued notice H 2011-01 on January 5, 2011, providing the regulatory reporting requirements and guidance for legal entities receiving federal assistance. Rental assistance payments made under Proj...

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State Agencies Making Preservation a Priority

An examination of the proposed Qualified Allocation Plans (QAP s) for 2011 makes clear that preservation of existing housing is becoming more of a priority for the tax credit program. In 2011, a num...

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