Department of Housing and Urban Development Unresponsive to Multifamily Housing Real Estate Tax Problems

Although the Department of Housing and Urban Development (HUD) has been able to reduce real estate taxes sporadically through local appeal actions, it has been unresponsive generally to real estate tax problems of multifamily housing projects. The lack of a program to verify that taxes assessed on HUD-insured projects are fair and equitable has resulted in payment of excessive taxes and approval of unnecessary rent increases.