HUD has released Housing Notice H 2011-30 dealing with the special requirements governing the use of reserve for replacement funds in Mark-to-Market program restructuring of HUD Multi-family property debt and rents. The notice also provides guidance on how the funds must be used once the restructuring has been completed.
The notice provides specific guidance on the [...]
HUD Issues Notice PIH 2011-55
This week, HUD posted the Public Housing Operating Subsidy Calculation notice which provides public housing agencies with detailed instructions and procedures to follow for the 2012 calendar year subsidy calculation. In addition, the notice addresses the allocation adjustment operating subsidy proposed in the President’s 2012 budget.
To make sure you are up [...]
HUD Issues Notice H 2011-21
On August 17, 2011 the U.S. Department of Housing and Urban Development (HUD) issued an official notice regarding the Enterprise Income Verification (EIV) System, to provide updated instruction for use of the system. The notice highlights the purpose, applicability, requirements, use of system reports, retention of reports, penalties, and security of [...]
The 2011 income limits have been released by the U.S. Department of Housing and Urban Development (HUD). These limits can be obtained at http://www.huduser.org/portal/datasets/fmr/fmrs/docsys.html&data=fmr11 , by simply selecting the state and county applicable to your group or by selecting a major metropolitan area.
Contact Brett Olsen, CPA or Nicolette Neutz, CPA if you have questions or [...]
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