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

More Thoughts on the Income Average Test

This article is a follow up to the one I posted on March 26, 2018, relating to the Average Income Test which was included in the Consolidated Appropriations Act, 2018, as a third set-aside elect...

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HUD Releases Updated Residents Rights and Responsibilities Brochure - March 2018

On March 8, 2018, HUD s Office of Multifamily Housing Programs released an updated Resident Rights and Responsibilities Brochure. The brochure may be downloaded and printed at www.hud.gov/sites/dfil...

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Income Averaging Discussion and Examples

I posted an article on March 24, 2018, describing the two changes made to the Low-Income Housing Tax Credit (LIHTC) program by the Consolidated Appropriations Act, 2018, the increase in credits ...

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Appropriations Act Contains Two Major Changes to the LIHTC Program

The Consolidated Appropriations Act, 2018 was signed into law by the President on March 23, 2018. The law includes two major changes to the Low-Income Housing Tax Credit Program (IRC 42). &...

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Congressional Spending Bill Keeps Funding for Many Housing Programs

Congress has approved a $1.3 trillion spending bill designed to provide funding for the federal government for the rest of the fiscal year, which ends September 30. The bill has been sent to the Presi...

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HOME Funds and Affirmative Fair Housing Marketing Plans

In February 2018, the HUD Office of Community Planning and Development issued guidance relating to the requirement that projects funded with HOME funds have an Affirmative Fair Housing and Marketing P...

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FAST Act Interim Final Rule Effective March 12, 2018

On December 12, 2017, HUD published an interim final rule in the Federal Register that amends the regulatory language for Public & Indian Housing PIH) and Multifamily Housing rental assistance pro...

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The Importance of Internal Controls

All executives are taught the importance of internal controls. Unfortunately, many executives don t fully understand what is meant by the term internal controls. A recent HUD audit of a ...

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