The Novogradac Tax-Exempt Bond Handbook is a comprehensive, single-volume resource for all the regulations, guidance and legislation on the use of tax-exempt bonds in multifamily housing developments. This edition replaces the 2017 volume and covers the latest developments in the tax-exempt bond regulatory framework and corresponding industry best practices. The 2020 edition updates all regulations and incorporates recent guidance and issuance data.

New sections on:

• Fannie Mae MTEB program and Freddie Mac TEL program
• Surge in rental housing bonds use
• 95 percent of proceeds requirement
• Change in veteran housing’s bond financing eligibility

Updated sections on:

• Bond ratings
• Recycled bonds
• Timing for minimum set-aside test application
• Treatment of regular refunding and advance refunding issues in relation to volume cap
• Public approval requirement (TEFRA hearing)
• Combining tax-exempt housing bonds with LIHTCs
• Credit percentage election
• LIBOR rate retirement

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