Hawkins Advisory
This issue of the Hawkins Advisory provides with information of specific interest to single-family housing bond issuers regarding area median gross income figures. The Internal Revenue Service has released Revenue Procedure 2016-26, which contains information for issuers of single-family housing bonds and mortgage credit certificates related to the income limits applicable to mortgage revenue bonds and mortgage credit certificates including a “hold harmless” provision.
Attachment: [Hawkins Advisory]