BDA Opposes IRA Proposal to Reduce MRB Purchase Price Limits

The IRS proposed in Revenue Procedure 2011-23 to move to a new method of calculating the purchase price limits for Mortgage Revenue Bonds.  Under long-standing practice, the purchase price limits are calculated based on FHA loan limits.  The IRS proposed shifting the HUD county-level price data, which would significantly lower the purchase price limits.  The BDA comment letter is available here.

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