Regulacje i polityka gospodarcza · 15/12/1994

Administrative Guidelines: Limitations on Combining HUD and Other Government Assistance; ``Subsidy Layering''

This document sets forth the Administrative Guidelines which qualified allocating and suballocating Housing Credit Agencies (HCAs), as defined under section 42 of the Internal Revenue Code of 1986, must follow to comply with section 911 of the Housing and Community Development Act of 1992 (HCDA '92). HUD State/Area Offices will apply the Revised Subsidy Layering Guidelines (RSLGs) in accordance with Implementing Instructions to monitor HCAs accepting 911 authority. HUD State/Area Offices also have residual 102(d) Subsidy Layering Review authority and must apply the RSLGs in areas where HCAs do not (non- acceptance of delegation or revocation) or for cases where HCAs cannot (non-LIHTC cases) accept 911 Subsidy Layering Review authority. The RSLGs were designed to ensure that participants in affordable multifamily housing projects do not receive excessive compensation by combining sundry HUD Housing Assistance with assistance from other Federal, State, or local agencies.