HUD published the 2019 Income Limits on 4/24/19 with an effective date of 4/24. 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. This means this year's limits must be … [Read more...] about 2019 Income Limits Released
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Final Housing Credit Utility Allowance Regulations Published
On February 27, the IRS indicated it would be publishing the Housing Credit program's final utility allowance regulations specifically addressing submetering in the Federal Register. … [Read more...] about Final Housing Credit Utility Allowance Regulations Published
Final Rules on Housing Credit Compliance Regulations Issued
On February 26, the IRS issued the final Compliance Monitoring regulations for the Housing Credit program. These replace the temporary compliance regulations that have been in place since 2016 and are immediately effective. … [Read more...] about Final Rules on Housing Credit Compliance Regulations Issued
Governor Signs Landmark Legislation Protecting LGBTQ Rights
New York Gov. Andrew M. Cuomo signed into law the Gender Expression Non-Discrimination Act (GENDA), which prohibits employers, educational institutions, landlords, creditors, and others from discriminating against individuals on the basis of gender identity or expression, and … [Read more...] about Governor Signs Landmark Legislation Protecting LGBTQ Rights
HUD Shortens REAC Inspection Notification Period
On February 20, HUD released PIH-2019-02/H-2019-04 reducing the number of days REAC inspectors will send out their notification before conducting physical inspections of public housing and private HUD-assisted multifamily housing. … [Read more...] about HUD Shortens REAC Inspection Notification Period