FHA Multifamily Update: Housing and Economic Recovery Act of 2008
HUD has made some progress implementing the improvements to the Low Income Housing Tax Credit program that were included in the Housing and Economic Recovery Act of 2008, including drafting a mortgagee letter that will revise the subsidy layering requirements for a LIHTC-FHA-insured loan that eliminates the need for the review. For a complete update, click here.
For more information e-mail Claudia Kedda, or call her at 800-368-5242 x8352.
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