DOZ Blog
HUD updates FAQs for Notice H-2012-14
In January 2013 HUD Multifamily released an update to frequently asked questions (FAQs) intended to clarify Notice H-2012-14, “Use of ‘New Regulation’ Section 8 Housing Assistance Payments (HAP) Contracts Residual Receipts to Offset Project-Based Section 8 Housing Assistance Payments. …
Does Foreclosure mean automatic recapture of LIHTCs?
Recapture of the low income tax credits results when, at the close of any taxable year in the compliance period, the amount of the qualified basis of any building with respect to the taxpayer is less than the amount of …
HUD issues FAQs for Notice H-2012-14
On October 2, 2012, HUD Multifamily released a document with frequently asked questions (FAQs) intended to clarify Notice H-2012-14, “Use of ‘New Regulation’ Section 8 Housing Assistance Payments (HAP) Contracts Residual Receipts to Offset Project-Based Section 8 Housing Assistance …
Working draft of Not-For-Profit audit guide released
The AICPA Financial Reporting Executive Committee released a working draft of the proposed Audit and Accounting Guide for Not-For-Profit Entities. Some of the proposed updates include, but are not limited to: Reporting guidance and example of relationships with other entities …
Notice H-2012-14
In August 2012, HUD issued Notice H-2012-14 which sets forth the policy and procedures for its use of Residual Receipts to offset housing assistance payments for projects subject to a new regulation Project-Based Section 8 HAP Contract. In addition, …
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