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HUD Publishes Interim Rule to Implement Changes in Section 202, Section 811 Programs

Monday, December 1, 2003 - 1:45AM

The U.S. Department of Housing and Urban Development (HUD) today published an interim rule that implements statutory changes that enable the use of mixed-finance and for-profit participation in the Section 202 supportive housing programs for the elderly and the Section 811 supportive housing program for persons with disabilities, as well as making other changes to those programs. The rule uses the mixed-finance development model to leverage the capital and expertise of the private developer community to create attractive and affordable supportive housing developments for the elderly or persons with disabilities. In addition, the rule is structured so that low-income housing tax credits (LIHTC) can be used to provide additional units, as well as supplement capital advance funds for the Section 202 or 811 projects. Click here for a copy of the rule.

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