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

Connecticut Court Case Good News for Affordable Housing Assessments

The Connecticut Superior Court has ruled that low and moderate income housing must be assessed using an income capitalization approach to value, and not a cost approach. This is good news for owners c...

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New Cell Phone Application Offers Translation Services

Codetalker (www.codetalkerinc.com) is a new cell phone application that connects users to a live interpreter for a three-way conversation. Interpreter services for more than 175 languages are availabl...

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Administration Proposes Cutting 538 Funding

The Obama Administration s fiscal 2012 budget includes $95.2 million for Section 515 direct rental housing loans, but no money for Section 538 guaranteed multifamily loans....

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Rural Housing Service Issues Final Regs on Continuous Section 538 Guarantee

On January 3, 2011, the Rural Housing Service issued final regulations for the Section 538 guaranteed multifamily housing loan program that provide for a single, continuous guarantee for construction ...

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Reminder Regarding DUNS Number

Last month, I reviewed the HUD requirement that all owners of HUD assisted properties obtain a Dun and Bradstreet Number no later than March 5, 2011. Failure to do so could result in a loss of subsidy...

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HUD Establishes Rules for Conversion of Efficiencies to One-Bedroom Units

HUD Notice H-2011-03, issued on February 1, 2011, outlines procedures for converting efficiency units to one-bedroom units in assisted projects when the demand for efficiencies is weak and the convers...

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HUD Issues Notice on Handling the Death of a Sole Household Member

Notice PIH 2010-50 (HA), issued January 1, 2011, clarifies the procedures PHAs must follow to avoid housing subsidy overpayments when the sole household member dies, including the treatment of units w...

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Use Project Binder to Organize for HUD MOR

When HUD or Contract Administrators conduct Management & Occupancy Reviews ( MOR ), they will ask for a slew of documents. Failure to have the documents will result in MOR findings that will lower...

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