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HUD PROPOSES CHANGES TO SECTION 202, 811 REQUIREMENTS

Wednesday, March 28, 2012 - 7:00AM

The U.S. Department of Housing and Urban Development (HUD) today published a proposed rule to amend regulations governing its Section 202 and Section 811 programs. The changes would streamline requirements for mixed-finance Section 202 and 811 developments by removing restrictions on the portions of developments not funded through capital advances. HUD says these amendments would attract private capital and the expertise of private developers to create supportive housing under the programs. The proposal is the first part of a larger regulatory effort to reform Section 202 and 811. Comments on the proposed rule are due May 29.

Join Novogradac & Company to discuss what lies ahead for affordable housing finance at the Affordable Housing Tax Credit Conference: Meeting the Challenges of 2012, May 17-18 in New Orleans, La.

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