Month: March 2018

As promised, HUD released the 2018 income limits on March 30, 2018 with an effective date of April 1, 2018. As per Revenue Ruling 94-57, Housing Credit income limits must be implemented on the effective date or 45 days from the publication date, whichever is LATER.

On March 23, 2018, President Trump signed a $1.3 trillion FY 2018 omnibus spending bill to keep the government opened through September 30, 2018. This law includes… 12.5% allocation increase for the next 4 years for 9% Housing Credit deals, An Income averaging option for Housing Credit properties, A $4.7 billion annual budget increase for […]

Seats are continuing to go fast for our 2018 National Compliance Professional (NCP) Conference. Since last announcing this year’s demand, numerous individuals heeded our warning & took advantage of the summer discounts leaving us with ONLY 2 SEATS. If you would like join us for the last of 3 remaining Conferences before Elizabeth retires, you […]

On March 8, 2016, HUD published a final rule streamlining regulatory requirements pertaining to certain elements of various multifamily housing programs including, but not limited to, the Housing Choice Voucher (HCV) and Public Housing (PH).

In 2011, HUD set a December 1 income limit target release date. However, in 2015, Congress changed how the extremely low-income limit was determined tying it to the release of the Health & Human Services poverty guidelines which are not released until mid- to late-January making it impossible for HUD to meet this target date.

On March 2, the IRS issued Revenue Procedure 2018-18 , which includes updated LIHTC and private activity bond state cap numbers based on a chained CPI.