NAHMA Rural Housing Update: USDA-RHS clarifies allowable expenses in MFH properties
USDA-RHS recently released the attached Unnumbered Letter (UL) to clarify allowable expenses charged against project income in RD-financed Section 515 and Section 514 multifamily properties.
The Office of the Inspector General (OIG) previously conducted an audit of expenses charged to properties financed under the Multi-Family Housing (MFH) Direct Loan programs. A recommendation agreed to by the Agency was a periodic reminder to program participants about allowable and unallowable expenses.
The Agency previously issued a UL on this subject on January 22, 2016 and will continue to issue periodic updates to this UL subject.
To view this Unnumbered Letter online, please click here.
Juliana Bilowich, Government Affairs Coordinator
National Affordable Housing Management Association
400 N. Columbus St., Suite 203, Alexandria, VA 22314
Phone 703-683-8630, ext.116 Email firstname.lastname@example.org, Website www.nahma.org
NAHMA is the leading voice for affordable housing management, advocating on behalf of multifamily property managers and owners whose mission is to provide quality affordable housing.