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

HUD Proposes Expanded Protections for Applicants & Residents at HUD Properties

On January 20, 2011, HUD issued a proposed rule clarifying that all otherwise eligible households, regardless of marital status, sexual orientation, or gender identity, have an equal opportunity to pa...

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Program Relief for Flood & Tornado Victims

State Housing Finance Agencies in Alabama, Tennessee, Georgia, and Mississippi are relying on IRS Revenue Procedure 2007-54 to provide relief for owners and tenants affected by recent flooding and tor...

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Nations Top Four Apartment Owners are Tax Credit Firms

The National Multi Housing (NMHC) as released its annual list of the nation s 50 largest apartment owners for 2011. The top four on the list are all deeply involved in the Low-Income Housing Tax Cre...

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Virtually All HFAs Now Providing Incentives for Preservation Projects

According to a National Housing Trust Survey of state qualified allocation plans (QAPs), almost all State Agencies are now awarding points, providing set-asides, and seeking preferences for preservati...

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IRS Releases Updated 8823 Guide

The IRS has released the third version of the 8823 Guide, designed to assist State Agencies and taxpayers in understanding IRS requirements relative to compliance with the Section 42 Low-Income Housin...

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Affordable Housing Investors Council Issues New Underwriting Guidelines

The Affordable Housing Investors Council (AHIC) has revised their guidelines for the underwriting of low-income housing tax credit projects, calling for increased scrutiny of development and managemen...

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President Proposes Changes to Section 42

The Obama Administrations fiscal 2012 budget makes changes in the tax provisions that govern the Low-Income Housing Tax Credit Program. One change would permit a 30 percent basis increase for bond-fin...

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Use Facts to Fight NIMBYism

Developers of affordable housing often face an uphill battle when trying to convince local planning commissions, city councils and community residents that an affordable housing complex will actually ...

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