On February 18, HUD published the income limits for properties that elected the Average Income Test minimum set-aside option. HUD’s numbers include limits for every increment from 20% to 80% AMGI in each state and metropolitan statical area and bases them on the fiscal year 2019 Multifamily Tax Subsidy Project income limits.

On January 28, HUD released FHEO Notice 2020-01– Assessing a Person’s Request to Have an Animal as a Reasonable Accommodation Under the Fair Housing Act — providing new guidance when receive an assistance animal request.

On January 29, the IRS published Revenue Ruling 2020-04 clarifying the determination of income limits under the LIHC program’s Average Income Test. The ruling indicates we are to continue to base our income limits on HUD’s very low-income limit (VLI or 50% AMGI) , specifically stating…

On October 4, NCSHA published their updated Best Practice forms for the Housing Credit Program. These were revamped with the help of several state agencies and compliance experts. The revamped forms include:

On August 19, HUD published a proposed rule amending the Fair Housing Act’s disparate impact standard in the Federal Register. HUD indicates this proposed rule is due to the 2015 Supreme Court decision in the TDHCA vs. Inclusive Community Project, Inc. case. The rule would provide a framework to establish legal liability for practices that […]