News
HUD releases 2013 Housing Tax Credit Tenant Data Collection Results
HUD released the second annual report on Housing Credit households. The report includes both demographic and economic data highlighting both the successes and continued areas of opportunity in the collection of data. On a good note, all but two cities reported data to...
HUD publishes 2016 Income Limits
The 2016 Income Limits were published yesterday with an effective date of March 28, 2016. These include the HUD Program Income Limits for Section 8, Section 221(d)(3) BMIR, Section 235 and Section 236 as well as the Multifamily Tax Subsidy Program Income Limits. The...
1st Quarter Software Release Update
Housing and Development Software will be releasing updates for the HDS Loan Servicing Portfolio Management, HDS Multifamily Management and HDS Contract Administration Systems in the coming week. Each update has a significant change impacting the compliance and...
IRS Temporary and Final LIHTC Compliance Monitoring Regualtions
The Internal Revenue Service (IRS) is revising the rules for physical inspections and review of certifications today, 2/25/2016. These are final and temporary regulations relating to low-income housing tax credit (LIHTC) compliance monitoring and propose changes that...
HUD Announces an Industry Day for those interested in competing for the new PBCA contract
On February 11, HUD has announced a PROJECT BASED RENTAL ASSISTANCE (PBRA) INDUSTRY DAY to be held on Friday, February 26 from 9:30am to 4pm. In addition to HUD Headquarters, interested parties may attend at HUD offices in San Francisco, Fort Worth, Chicago, Atlanta...
HUD Notice on the Passbook Savings Rate
HUD has published a notice concerning the 2016 passbook savings rate effective 2/1/2016. The rate is unchanged from last year and remains at 0.06% (0.0006). See HUD Notice 16-01. The rate is also applicable to Low Income Housing Tax Credit certifications. This means...