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

2014 Appropriations Act Makes Changes to Program Rules

The President signed the 2014 Omnibus Appropriations Act into law on January 17, 2014. In addition to funding for the Nation s various housing programs, the Act also made some substantive changes to...

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Farm Bill Protects Rural Area Designation

After a three-year struggle, the Farm Bill (H.R. 2642) was finally passed by Congress on February 4, 2014, and will now go to the President, who has indicated that he will sign the bill into law. The ...

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Domestic Violence Policies

Public housing and assisted housing communities (as well as Low-Income Housing Tax Credit [LIHTC] projects) are subject to the requirements of the Violence Against Women s Act (VAWA). HUD is current...

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Nonprofit Set-Aside Issues for LIHTC Properties

IRC 42(h)(5) requires that a portion of each state s annual credit ceiling be set aside for allocation to projects involving qualified nonprofit organizations. Specifically, at least 10% of the st...

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HUD Amends Verification Requirements

On December 10, 2013, HUD put online a revised transmittal for Handbook 4350.3, Chg. 4. It provided clarification for verification techniques - primarily those relating to EIV disputes and discrepanci...

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2014 Income Limits Published

On December 18, 2013, HUD published the 2014 income limits for HUD programs as well as for the Low-Income Housing Tax Credit and Tax-Exempt Bond programs. The limits for the LIHTC and Bond projects ar...

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Fair Housing Reminders During the Holidays

As we approach the holiday season, it is important to remember the fair housing prohibition against discrimination on the basis of religion. There is absolutely nothing wrong with being festive durin...

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Developer Fees in Eligible Basis

The most important calculation in the LIHTC program - at least in terms of credit generation - is qualified basis. Qualified basis is directly related to the amount of eligible basis (Eligible Basis t...

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