Part 2 - Crucial VAWA Questions Answered by HUD

HUD's recent explanation of its VAWA regulation provides guidance for HUD programs and a safe harbor for tax credit properties. This series discusses several of the key questions answered by the HUD VAWA final rule. NOTE: The regulation can be found HERE and are referenced in these articles starting with VAWA 2016 Fed.Reg. and then by page numbers of the PDF from the Federal Register found at the above link. The Rural Development follow-up is HERE. Question 4: Can an owner/agent require that victims produce third-party documentation of their status as victims to prove that they qualify for VAWA protections and emergency transfer if the owner/agent suspects fraud? Answer: No. It is easy to un

Part 1 - Crucial VAWA Questions Answered by HUD

HUD's recent explanation of its VAWA regulations provides guidance for HUD programs and a safe harbor for tax credit properties. This series discusses several of the key questions answered by the HUD regulation. On November 16, 2016 HUD published it's final Rule for HUD properties covered by the Violence Against Women Act (VAWA) as reauthorized in 2013. This also includes the HOME multi-family housing rental program. In January of 2017, via an Administrative Notice, Rural Development (RD) essentially adopted the HUD regulations with a few minor adjustments to fit RD program rules. The only program covered by VAWA 2013 for which guidance has not been issued is the Low Income Housing Tax Credi

Income Limits - Where are the National Non-metro Limits?

"I have rural tax credit properties that use the national non-metro limits. Where can I find them?" Now that many have had a chance to review the new HUD limits, I have received several questions like the above. Answer: the limits are listed as part of HUD's documentation. An easy place to find them is part of an FAQ published by HUD HERE, as the answer to question 13. Note, HUD only publishes the 50% limits in the FAQ. The 60% limits for 40/60 minimum set-aside properties needs to be calculated from the 50% limits. One way to do this is by multiplying the supplied limits by 1.2.

2017 HUD & Tax Credit Income Limits Are Out!

HUD has released the 2017 income limits for their programs and the tax credit/bond programs. They are effective 4/14/2017. Please note: HOME is not covered by these limits. Those generally follow in a month or two. Watch this space for that announcement. The 2017 HUD AMI limits are HERE The 2017 MTSP limits are HERE

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