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

RD Proposed Amendment to 3560 Regarding Reserve Accounts (August 2014)

On August 13, 2014, the Rural Housing Service (RHS) issued a Proposed Rule to amend 7 CFR 3560.306 (e) (2) to change the requirements of the Reserve Account for Section 515 Rural Rental Housing Projec...

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Uniform Relocation Act Requirements

Overview of the Uniform Relocation Act (URA) The Uniform Act, passed by Congress in 1970, is a federal law that establishes minimum standards for federally funded programs and projects that require t...

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HUD Update of Tenant Participation Requirements - June 13, 2014

On June 13, 2014, HUD issued a memorandum amending Notice H 2012-21, Implementation of Tenant Participation Requirements.   Section F of the Notice was amended, and clarifies what information m...

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Insufficent Recertification Notices Void Landlord Right to Collect Contract Rent

If owners and managers of HUD Project-Based Section 8 properties doubt the importance of ensuring that tenant notices contain the exact wording required by HUD, a recent court case out of New York [La...

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Medical Marijuana and Multifamily Housing

Medical Marijuana and Multifamily Housing   An increasing number of states are legalizing the use of marijuana for medical purposes. Alaska, Arizona, California, Colorado, Connecticut, DC, Dela...

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HUD Implements HERA Changes to Tenant Based and Project Based Vouchers

On June 25, 2014, HUD published a notice implementing changes made by the Housing & Economic Recovery Act (HERA) of 2008 to the Tenant Based and Project Based Voucher Programs.   Two change...

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HUD Notice on Implementation of FY 2014 Appropriations Provisions

On June 25, 2014, HUD published a Notice establishing the terms and conditions by which HUD will implement changes to the statutory definition of a public housing agency (PHA), the frequency of ...

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General Partner Removal - Rights of the Limited Partner

The Delaware Supreme Court recently decided a case important to investors and developers of Low-Income Housing Tax Credit housing. The case (DV Realty Advisors LLC v. Policemen s Annuity and Benefit...

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