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In last month's issue of the Insider, we told you of HUD's efforts to clamp down on excessive pay at public housing authorities by setting caps that extend and expand limits imposed by Congress. With increased HUD attention on salaries, this may be a good time for owners and managers to go over HUD rules on calculating management fees. If you try to include income from sources that HUD says aren't allowed, you could get in trouble with HUD auditors for excessive income and be forced to pay back a portion of your fee.
