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

Minimum Wage Increases in 18 States

Happy New Year! For workers in a number of states, the new year will bring an increase in minimum wages. Many of the states already had minimum wage levels higher than the federal minimum of $7.25 per...

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Additional HUD VAWA Guidance - November 2017

The Department of Housing & Urban Development (HUD) recently issued clarifying guidance regarding the Violence Against Women Act (VAWA). The guidance addresses the following areas of VAWA: Ap...

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Foreign Students in LIHTC Projects

Managers of Low-Income Housing Tax Credit Projects (LIHTC) are sometimes faced with having to determine the eligibility of foreign students for occupancy at a Section 42 property. This is actually eas...

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Revisions to Senate Tax Bill - November 14, 2017

It is expected that the Senate will vote on its version of tax reform after Thanksgiving. The version to be voted on will include several changes to the Low-Income Housing Tax Credit (LIHTC) program a...

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2018 Annual Adjustment Factors (AAFs) Released by HUD

On November 8, 2017, HUD published the Section 8 Housing Assistance Program - Annual Adjustment Factors (AAFs), fiscal year 2018 in the Federal Register. These factors are used for adjusting or establ...

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Comparison of House and Senate Tax Bills

On November 9, the Senate Finance Committee released its tax plan, following the House Ways and Means Committee plan last week. Since I sent a memo on the House plan last week, I will only note the di...

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Tax Cuts and Jobs Act - H.R 1

On November 2, 2017, the House Ways & Means Committee released H.R.1, The Tax Cuts & Jobs Act. The 429-page bill includes five sections: Tax Reform for Individuals; Repeal of the...

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2018 Operating Cost Adjustment Factors (OCAFs) and Utility Allowance Factors Released by HUD

On November 2, 2017, HUD published the Operating Cost Adjustment Factors (OCAF) in the Federal Register. These factors are used for adjusting or establishing Section 8 rents under the Multifamily Assi...

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