HUD Issues New Changes to Handbook

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Tax Credit Advisor, August 2009: The U.S. Department of Housing and Urban Development on 6/23/09 released new changes (Change 3) to HUD Handbook 4350.3 (Occupancy Requirements of Subsidized Multifamily Housing Programs). They are effective 8/1/09. Some of the changes impact HUD projects only; others both HUD and low-income housing tax credit projects.

(Major LIHTC changes: http://www.ajjcs.net/News/Entries/2009/7/7_Change_3_To_HUD_Handbook_4350.3.html)