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Part 2: Defining Who is "Low Income" In the first article in our Back to Basics series we discussed the importance of having a full “toolbox” of regulatory information at our fingertips. This powerfully assists us in effectively managing compliance at tax credit properties. Suggestions were made as to various handbooks and other specific documents to have on hand or on our computers. In this second article we will now use one of those tools to gather information on a crucial topic. The topic is defining income for households at tax credit properties. The tool that we will use is the HUD Handbook 4350.3 found HERE. Why income matters Affordable housing is designed to help households that are

2019 HOME Income and Rent Limits Are Out!

HUD-CPD has released the 2019 income limits for several programs, including HOME, CDBG, HOPWA, HTF, and NSP. They will be effective 06/28/2019. The 2019 HOME INCOME Limits are HERE The 2019 HOME RENT Limits are HERE Other program limits, and the HUD CPD Income Calculator can be found HERE Note: HUD Multi-family and MTSP (Tax Credit and Tax-Exempt Bond) limits are not covered by these limits. These limits were released earlier, as announced HERE

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Costello Compliance

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