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Wednesday, March 3, 2010 - 8:00AM

The U.S. Department of Housing and Urban Development (HUD) will use a system similar to, and based on, the current Tenant Rental Assistance Certification System (TRACS) system to collect data about tenants of low-income housing tax credit (LIHTC) properties, according to a notice published in today’s Federal Register. The Housing and Economic Reform Act of 2008 requires each state agency to furnish HUD, not less than annually, information concerning the race, ethnicity, family composition, age, income, use of rental assistance under Section 8 or other similar assistance, disability status, and monthly rental payments of households residing in each property receiving LIHTCs through the agency. On March 30, 2009, HUD published a notice seeking early input on a methodology or approach for the data collection. HUD says it received approximately 25 comments from state housing finance and tax credit agencies; tax credit property managers; housing trade associations; research institutes; and not-for-profit organizations. In today’s notice, HUD summarizes those public comments, addresses the significant issues raised and issues specific information collection requirements.

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