JOIN IRHP IN NYC!
Avoid the post-holiday rush and register now for IRHP NYC on January 18, 2017! We are again hosted by the Roosevelt Hotel located at 45 E 45th Street at Madison. Registration is open and our agenda and speakers are set, so mark your calendars now!
AND SAVINGS ACT OF 2015
We have just received notice that at long last the notice implementing the Preservation Enhancement and Savings Act of 2015 was signed today by the FHA Commissioner and should be available this week. This notice will allow owners of LIHPRHA properties to access residual receipts and eliminate the 8% limitation on distributions. We will circulate the notice as soon as it becomes available. Please contact Linda Kirk with any questions about this event or registration.
For our members' information, attached are the links for the summary, text and House floor discussion of the Preservation Enhancement and Savings Opportunity Act of 2015 (H.R. 2482), legislation that the Institute and the National Leased Housing Association drafted and pushed through to passage on July 14, 2015. The bill was sponsored by Rep. Erik Paulson (R - MN). President Obama signed the bill on Friday, December 4, 2015.