Dealing with HUD

What Inspectors Can and Cannot Do During REAC Inspections

May 31, 2016    

IRS Revenue Procedure 2016-15 provides that the REAC protocol is among the inspection protocols that satisfy both Section 1.42-5(d) and the physical inspection requirements of Section 1.42-5T(c)(2)(ii) and (iii). According to Revenue Procedure 2016-15, one of the qualifications for an inspection...

Prepare to Adopt HUD's New Income Limits

June 9, 2011    
You have 45 days to begin using them to certify and recertify low-income households at your tax credit site.

HUD Tells How to Convert Studio Units into One-Bedrooms

August 31, 2008    

HUD is providing owners and managers with guidance on converting studio units into one-bedrooms.

By issuing an official memo on conversions this February, HUD is seeking to impose consistency on a regulatory area in which there had previously been no clear policy, says Denise Muha,...

HUD Calls for Response on Enterprise Income Verification

June 30, 2008    

HUD is seeking comments from owners and managers about its Enterprise Income Verification (EIV) System. Specifically, HUD would like to hear about the experiences of owners and managers in seeking and gaining access to the EIV System and in using various multifamily applications and reports...

HUD Lifts Cap on Project-Based Vouchers at Tax Credit Sites

March 31, 2008    

As of Dec. 18, 2007, HUD ceased prohibiting project-based voucher rents from exceeding tax credit rents. According to housing groups such as the National Leased Housing Association (NLHA), the old voucher rule, which went into effect in October 2005, was flawed; it required a change in the...