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First Housing mobilizes capital to finance multifamily housing in the state of Florida and beyond.


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We provide easy and reliable tenant compliance monitoring and top notch training. Complying with public agencies' multifamily housing requirements isn't always easy, but it is familiar territory for First Housing.


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Manage the financing process with intelligence and ease.

We help lenders and investors make sound decisions by proving underwriting, financial analysis, servicing and loan administration services.


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Dedicated to enhancing knowledge of affordable property compliance with web courses, workshops, workshops, and personalized training.


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New Income Limits

Posted on: April 20th, 2016 by Bridget Tracy No Comments

It’s everyone’s favorite time of year.  No, not Spring. It’s New Income Limit time! YIPEE!

I know we all look forward to this wonderful time, and it finally happened on March 28!

Just a couple of things you need to know this year:

•    HUD did not include the Determination of Maximum Income Limits Chart due to many geographic areas being re-defined. Because of this, HUD did not feel that this chart could be published accurately at this time.  This DOES NOT mean that the HERA Hold Harmless limits have been eliminated – they have not!

•    You never have to use an Income Limit lower than the previous year on already PIS (Placed in service) properties.

As always, if you have any questions or are unsure, please check with your monitoring agency to ensure you are using the correct limits! That’s what we’re here for!

Happy, Happy Spring everyone!

 


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