2016 IncomeLimits Now Available

On Monday, March 28, 2016,HUD released the 2016 Income Limits. To access the new income limits, visit theHUDUser web site athttps://www.huduser.gov/portal/datasets/il.html.

For HUD'smultifamily housing program, the new 2016 Income limits are effectiveimmediately.

For theTax Creditsprogram, per Revenue Ruling 94-57, income limits must be implemented on theeffective date or 45 days from the published date, whichever is later.

The 45 day implementationperiod is NOT applicable to HUD's multifamily housing programs.

New Income Limits must beentered in to your software program. In most cases, this means that you willneed to update the income limit tables in your site software. Check your incomelimit tablesand if the new 2016 limits are different, update pertinentfields.

If youdon't know how to check your income limits, refer to your softwaredocumentation, your software vendor's web resources or call your softwarevendor's customer support number.

Instructor-ledTraining From RBD

HUD Management & Occupancy Challenge

SinceHUD has indicated that we should expect an increase in the number of Management& Occupancy Reviews (MOR) conducted in 2016, we have created a class to allowowner/agents and property managers to take a step back and review HUD'smultifamily occupancy requirements. This is not a review of basic requirements,but rather a discussion about best practices designed to help you identifycommon mistakes that may otherwise be revealed during the MOR.

Trainingincludes sample forms, notices and checklists.

Toregister for training, visit our web site atwww.rbdnow.comor contact our Training Coordinator (Larue Marin) atlarue.marin@rbdnow.com.

To sign up for the HUDBlast,visit our web site atwww.rbdnow.com. Just enter your email address in the box in the center ofthe home page.You canview previously posted HUDBlasts from our web site athttp://www.rbdnow.com/hudblasts.htm

We also encourage you to sign-up for theListserv, so you can receive current RHIIP related information from HUDhttp://www.hud.gov/subscribe/mailinglist.cfm.You canview the RHIIP Tips Archives, under "Listserv-Multifamily RHIIP Tips" athttp://www.hud.gov/offices/hsg/mfh/rhiip/mfhrhiip.cfm

RBD does not act as a legal advisor nor as a regulatory governingagency. The recipient should understand that any materials or commentscontained hereinare not designed for, nor should be relied upon as a source oflegal guidance or as a final authority with respect to any particularcircumstance. Ross Business Development, Inc. makes no warranty ofmerchantability or fitness for a particular purpose or any other warranty of anytype. Owners and management should seek competent legal advice in developing andcarrying out policies and procedures. While we have been diligent in ourefforts to provide comprehensive and accurate regulatory information, RossBusiness Development, Inc. shall not be responsible for errors or inaccuracies.