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Federal Register Notices for Section 8 and the Low Income Housing Tax Credit

HUD has issued two Federal Register notices for Section 8 and the Low Income Housing Tax Credit (LIHTC):

1. 30 Day Notice of Proposed Information Collection:  Quality Control for Rental Assistance Subsidy Determinations [FR-563-N-99]

The purpose of this notice is to allow for an additional 30 days of public comment on HUD’s study to update its estimates of the extent and type of errors associated with income, rent, and subsidy determinations for Section 8 and Public Housing properties. In addition to providing current estimates of error, results will be compared with those from previous years’ studies. These comparisons will indicate whether corrective actions initiated since the 2000 study have been effective and if changes in priorities are needed.

HUD is soliciting comments to determine whether the proposed collection of information is necessary for the proper performance of the functions of the agency, the accuracy of the agency’s estimate of the burden of the proposed collection of information, ways to enhance the quality, utility, and clarity of the information to be collected, and ways to minimize the burden of the collection of information. NAHMA will review the proposal in consultation with our Federal/Regulatory Affairs Committee members.

Please visit this link to read the full notice: Quality Control for Rental Assistance Subsidy Determinations

2. Designation of Difficult Development Areas for 2014 [FR-5738-N-01]

This notice designates ‘‘Difficult Development Areas’’ (DDAs) for purposes of the Low-Income Housing Tax Credit (LIHTC). The designations of DDAs in this notice are based on fiscal year 2013 Fair Market Rents (FMRs), FY 2013 income limits, and 2010 Census population counts. In addition to announcing the 2014 DDA designations, this notice announces a change in the designation methodology for metropolitan DDAs, beginning with the 2016 designations. The revised methodology will use Small Area Fair Market Rents (SAFMRs), rather than metropolitan-area FMRs, for designating metropolitan DDA.

NAHMA will review this change in designation methodology in consultation with our Tax Credit Committee members.

Please visit this link to read the full notice: 2014 Difficult Development Areas

 

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