News & Insights
Stay informed with the latest news and updates regarding the affordable housing industry.
HUD has raised the maximum penalty for failure to disclose lead-based paint hazards from $11,000 to $16,000. This is the first increase since 1996. A final rule increasing the penalty goes into effect...
The House Housing Subcommittee has released a modified version of an earlier Section 8 Voucher Reform proposal, and chances for passage this year look to have improved over what they were earlier. Th...
The Department of Housing & Urban Development recently issued a clarification regarding whether or not to count the cents that show up as part of the gross amount of Social Security income on So...
HUD is launching two pilot programs to test the feasibility of streamlined physical inspections and subsidy layering reviews for projects with low-income housing tax credits and rental assistance. Th...
During a meeting of the National Council of State Housing Finance Agencies (NCSHA) in June, an IRS official made it clear that violation of Section 42 gross rent limits because of a utility allowance ...
On June 2, 2011, Congressman Bill Owens of New York introduced legislation that would exclude the military Basic Allowance for Housing (BAH) from income for eligibility purposes for properties operati...
In a May 31, 2011 memo to field offices, HUD reiterated, Projects with low income housing tax credits may include in their budgets the cost of the annual compliance reports (a.k.a. state allocating...
Paper checks are being phased out for all federal benefit payments. Beginning May 1, 2011, anyone newly applying for Social Security, Veterans benefits or any other federal benefit, will need to choo...
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