New York providing grants to boost zombie property law compliance

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 · Once a project is built, the LIHTC property must comply with all LIHTC and project agreement terms for a 15-year compliance period. If the property falls out of compliance, investors can be subject to the recapture or loss of credits, including credits that were claimed while the project was still in.

Fraud risk rose on purchase market shift and more wholesale loans CoreLogic says the continued shift from a refinance-heavy market to one that is predominantly a purchase market is a key factor in the increase of fraud risk. Purchase transactions, which.