Tax Credit Resources
 




Breaking News

HUD Invites Comments on Proposed Section 202, 811 Rule Changes

WASHINGTON– Oct. 6, 2014

Facebook Email More...

The U.S. Department of Housing and Urban Development (HUD) is inviting comments on a proposed rule amending regulations governing its Section 202 and Section 811 programs. According to HUD, the proposed rule would streamline the Section 202 and Section 811 programs to better provide supportive housing for the elderly and persons with disabilities. Among other things, the proposed rule would implement a new form of rental assistance called Senior Preservation Rental Assistance Contracts (SPRACs) and allow a set-aside for a number of units for elderly individuals with functional limitations. Comments are due by Dec. 5.

HUD Releases Final 2015 FMRs

WASHINGTON– Oct. 2, 2014

Facebook Email More...

In a notice in tomorrow’s Federal Register, the U.S. Department of Housing and Urban Development (HUD) will publish final fiscal year (FY) 2015 fair market rents (FMRs). The final FY 2015 FMRs took effect Oct. 1. HUD uses FMRs to determine payment standard amounts for the Housing Choice Voucher program, to determine initial renewal rents for some expiring project-based Section 8 contracts and to determine initial rents for housing assistance payments (HAP) contracts in the Moderate Rehabilitation Single Room Occupancy (SRO) program.

HUD Sets 2015 Operating Cost Adjustment Factors

WASHINGTON– Oct. 1, 2014

Facebook Email More...

In tomorrow’s Federal Register, the U.S. Department of Housing and Urban Development (HUD) will publish a notice establishing the operating cost adjustment factors (OCAFs) for project-based assistance contracts for eligible multifamily housing projects that have an anniversary on or after Feb. 11, 2015. The factors are used to adjust Section 8 rents renewed under section 524 of the Multifamily Assisted Housing Reform and Affordability Act of 1997. OCAFs are calculated as the sum of weighted average cost changes for wages, employee benefits, property taxes, insurance, supplies and equipment, fuel oil, electricity, natural gas and water/sewer/trash. The 2015 OCAFs are effective Feb. 11, 2015.

HUD Issues Subsidy Layering Review Guidance

WASHINGTON– Sept. 25, 2014

Facebook Email More...

In a notice in tomorrow’s Federal Register, the U.S. Department of Housing and Urban Development (HUD) will issue guidelines for conducting subsidy layering reviews for Section 8 project-based voucher housing assistance payment contracts and mixed-finance developments, including those with or without low-income housing tax credits (LIHTCs). Requirements in the notice do not supersede subsidy layering requirements of other federal programs.

Tune in to the Oct. 7 Tax Credit Tuesday podcast to learn more about what the guidelines mean for LIHTC developments.

HUD Issues FY 2015 Fair Market Rents Correction

WASHINGTON– Aug. 25, 2014

Facebook Email More...

The U.S. Department of Housing and Urban Development (HUD) today issued a notice proposing the fiscal year (FY) 2015 fair market rents (FMRs) for the Housing Choice Voucher (HCV) and Moderate Rehabilitation Single Room Occupancy programs. FMRs are used to determine the following: payment standards for the HCV program, initial renewal rents for some expiring project-based Section 8 contracts and initial rents for housing assistance payment contracts in the Moderate Rehabilitation Single Room Occupancy program. They also serve as rent ceilings in the HOME program and in the calculation of maximum award amounts for Continuum of Care grantees. The proposed FMRs do not reflect updates to the methodology used to calculate FMRs.

HUD Announces Proposed FY 2015 Fair Market Rents

WASHINGTON– Aug. 15, 2014

Facebook Email More...

The U.S. Department of Housing and Urban Development (HUD) today issued a correction to the proposed fair market rents (FMRs) for fiscal year (FY) 2015 for the Housing Choice Voucher program, Moderate Rehabilitation Single Room Occupancy program and other programs. HUD updated the Schedule B Addendum to include the FMRs for Dallas, Texas, which were missing from the notice published Aug. 15. No other corrections were made. The comment due date remains Sept. 15, 2014.

News Archives

 

 

 

LIHTC News
  • WASHINGTON, D.C. - October 16, 2012
    The Internal Revenue Service (IRS) today published the amounts of unused low-income housing tax credit (LIHTC) carryovers for calendar year 2012 that were allocated to 34 qualified states and Puerto Rico... Full Article