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  • New GAO Report Points to Weaknesses in LIHTC Program Oversight and Recommends HUD Involvement in Administration
    July 31, 2015 by PMCS
    On July 23, 2015, the Government Accountability Office (GAO) released a report that focused on oversight weaknesses of the Low Income Housing Tax Credit (LIHTC) program by the Internal Revenue Service (IRS). Specific areas discussed included the lack of reliability of data being compiled and the limited monitoring requirements of the state housing finance agencies administering the credits. In this report, GAO suggests Congress consider designating HUD as a joint administrator for program compliance oversight-specifically to assist in analyzing the program’s effectiveness. The LIHTC Program is big business, costing an estimated $8 billion in 2014 alone. ...
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Question: One of my residents is disabled and has an individual that she pays to come every Thursday to assist her with housekeeping tasks. Is that an allowable medical expense? ~ Julia- Kentucky Read the Answer

Question: What is the difference between the prior sample Declaration Form in the Change 3 HUD 4350.3 Handbook and the Change 4 version? ~ Renee-New Jersey Read the Answer

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4350.3 REV-1
Change 4

HUD 4350.3 REV-1 Change 4 PMCS Travel Edition, complete with Exhibits and Appendices, is available. The book has been re-formatted and contains all original text, including chapter and section references. Learn more

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829 W Genesee Street
Syracuse, NY 13204
Phone: 800-245-PMCS (7627)
or 315-451-2423