HUD, the IRS and HCD have all adopted (and sometimes abandoned) “hold harmless” policies that are meant to insulate owners and lenders from lowering rents due to HUD’s calculations that median incomes have fallen. This Law Alert provides an overview of these hold harmless policies and how they apply to affordable housing developments. Download the PDF: Hold Harmless Policies
LAW ALERT – Hold Harmless Policies – Help or Hindrance?
Apr 15, 2013