Wednesday, July 29, 2009

CH-CH-CH CHANGE$

Effective August 1, 2009, Change 3 to HUD Handbook 4350.3 Rev. 1, makes numerous clarifications and changes regarding income, live-in aides, and pensions. It completely revises Chapter 9 (Billing and Special Claims) for property owners to comply with TRAC 202C requirements. Actually, I have to wonder why HUD bothers to change any rule or regulation when they lack enforcement. Perhaps President Obama will need to appoint a Czar to enforce HUD Regulations? (wink)

Low Income Housing Tax Credits (LIHTC)
Read about the new income limit provisions from H.R. 3221 - HERA.

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