Understanding Your Forecast: Rent and Operating Expense Trends MODERATOR PANELISTS

Blair Kincer Novogradac & Company LLP

John Parreco NFAHS Inc.

Zenzi Reeves Riverside Capital LLC

Change in HUD-Published MTSP Limits 2015-2016 for New Projects

Counties with Increase

35.7%

Counties with Decrease

57.5%

6.8%

Counties with No Change 2.5% to 5%

0.01% to 2.49%

No Change

-2.49% to -0.01%

-5% to -2.5%

Changes in AMI

Adjustments/ VLI Drivers

MTSP Limits/VLI

Changes in MTSP Limits

FY 2016 HUD Income Limits

Briefing Material

Income Limits Determinations for FY 2016 Very Low Income Limits

Equal to 50% AMI

State Median Income Area

High Housing Cost Area

Low Housing Cost Area

5% Floor

5% Cap

61% of areas were adjusted

By population

46%

19%

13%

8% 14%

0%

Understanding Your Forecast: Rent and Operating Expense Trends MODERATOR PANELISTS

Blair Kincer Novogradac & Company LLP

John Parreco NFAHS Inc.

Zenzi Reeves Riverside Capital LLC