Hold Harmless Rule for Income and Rent Limits for Credit and Bond Projects

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NPH Conference Room
369 Pine Street, Suite 310
San Francisco, CA 94104

415.989.8160 ext. 10

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Date:   7/28/2010 from 12:00 pm - 2:00 pm (Pacific Time)

Hosted By:   NPH

RSVP by:   July 25, 2010 at 6:00 pm (Pacific Time)


Presented by Jim Kroger, Novogradac and Company

The U.S. Department of Housing and Urban Development's hold harmless relief will likely not be renewed in 2010 and, therefore, tax-credit and tax-exempt bond projects need to rely on the Home Economic Recovery Act (HERA) IRS 2008 hold harmless rule in the Internal Revenue Code. However, this IRS rule is being implemented on a project basis instead of a county basis; and, therefore, projects might have different income and rent limits in the same county. This disparity will become increasingly evident in 2010 as we see a split between projects in service in 2008 v. 2009 v. 2010

Lunch will be available at 11:30AM to allow you time to eat and network.