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LeadingAge Submits Feedback to CMS Innovation Center (CMMI)
The CMMI RFI focused on empowering beneficiaries as consumers, provide price transparency, increase choices and competition to drive quality, reduce costs, and improve outcomes. The Innovation Center stated it is interested in testing models in the following eight focus areas: (1) Increased ...
House and Senate Letter in Support of Private Activity Bonds, 4% Housing Credits, and Advance Refunding
The full Senate is expected to take up its tax bill the week of November 27. The letter, which advocates should encourage their Senate and House Republican members to sign onto, asks Congressional leadership to protect private activity bond (PABs) financing and advance refunding bonds in any final tax bill. The ...
Tax Reform Bills Harm Affordable Housing
The House bill ends the 4% LIHTC program by ending the tax exemption for private activity bonds. Using multifamily housing bonds, a type of private activity bond, is the only way to trigger use of 4% LIHTCs. Ending one ends the other. Nationally, more than 50% of all LIHTC transactions were through 4% LIHTCs (the remaining were ...
Annual Adjustment Factors for 2018 Go Into Effect Immediately
The AAF factors are based on a formula using residential rent and utility cost changes. AAFs established in the November 8 Federal Register notice are used to adjust contract rents for units in certain Section 8 housing ...
Mandatory Use of Capital Needs Assessment Tool (CNA e Tool) Begins
The Capital Needs Assessment (CNA) e-Tool automates and standardizes the preparation, submission and review of a capital needs assessment. Its use became mandatory starting November 1, 2017