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HUD INVITES COMMENT ON APPROVAL PROCESS FOR MULTIFAMILY PROJECTS

Wednesday, April 29, 2009 - 8:00AM

The U.S. Department of Housing and Urban Development (HUD) today released a notice inviting recommendations from stakeholders in its insured multifamily projects, as well as interested members of the public, on administrative and procedural changes that HUD should adopt to expedite approval of multifamily housing projects involving low-income housing tax credits (LIHTCs) or tax-exempt bonds under its jurisdiction. In addition to soliciting general recommendations on expediting the approval process of multifamily housing projects, HUD also invited recommendations on a number specific topics including: improving the efficiency of approval procedures; simplifying approval requirements; and establishing time deadlines or target deadlines for required approvals. Click here for a copy of the notice.

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