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Adopted Rules: Closed to Comments

Adopted Rules Content: 

The rule amendments would, under very limited circumstances, allow certain projects with Housing Assistance Payments Contracts to register 120% of HUD Contract Rents as the State Division of Housing and Community Renewal legal regulated rent, which would be above the current rent cap of 30% of the applicable Area Median Income. This would allow owners to collect the full subsidy available from HUD through the Housing Assistance Payments Contracts.

Effective Date: 
Sun, 05/14/2017