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Limited obligation multifamily housing refers to housing projects that are financed using tax-exempt bonds and have restrictions on the type of tenants that can reside in the units.
Developers or owners of multifamily housing projects that are financed through limited obligation bonds are required to file limited obligation multifamily housing.
Limited obligation multifamily housing forms can typically be filled out online through the appropriate government agency's website or submitted by mail.
The purpose of limited obligation multifamily housing is to provide affordable housing options for low to moderate-income individuals and families.
Information such as the number of units, tenant income limits, rent restrictions, and compliance with tax-exempt bond regulations must be reported on limited obligation multifamily housing.
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