Maloney and Financial Services Committee Chairman Barney Frank this week sent a letter to the Acting Director of the FHFA urging the Agency to use its power to deny affordable housing goals credits for multifamily loans that facilitate the conversion of units
from affordable to a higher market rate.
According to KSE here Thursday, the decision has been taken after the merger of UMF into United Growth & Income Fund (UGIF) and conversion of units
UMF into UGIF on June 29, 2009 as per approved swap ratio based on net asset value per unit.
It covers engineering issues, food-related design issues, and economic issues for every common or important step in food processing, as well as conversion of units
, food engineering properties, control of food processing equipment, plant utilities, and information on where to find suppliers of food processing equipment.
Even though HUD has shown some willingness to consider subsidizing at least a portion of assisted living housing costs through conversion of units
, as the situation exists now, residents still need to become nursing home-eligible in order for Medicaid to cover their personal care expense.