Summary
Subsection R460-3-1(4) is amended to clarify the basis for establishing UHC income limits and where and to whom that information will be disseminated. Subsection R460-3-1(5) is amended to clarify the basis for establishing UHC acquisition cost limits and where and to whom that information will be disseminated. Subsection R460-3-2(3) is amended for consistency to make the maximum income limit the same as stated in Subsection R460-3-1(4) and to clarify income limits are established using information published by the Department of Housing and Urban Development (HUD). Subsection R460-3-4(4)(d) is amended to clarify the period of time and the calculation of the period of time an individual or entity may be barred from the low-income housing tax credit program for being considered "not in good standing". Subsection R460-3-5(1)(b) is amended for consistency to make the maximum income limit the same as stated in Subsection R460-3-1(4) and to clarify that income limits are calculated using information published by HUD and that applicable information will be incorporated into program documents and disseminated to interested persons.