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MAHRAA

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AcronymDefinition
MAHRAAMultifamily Assisted Housing Reform and Affordability Act of 1997


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According to the July 21 IRS ruling (Revenue Ruling 98-34), because the second mortgages issued under MAHRAA are subsidized by a federal, state, or municipal government and because they were not structured primarily to avoid taxation, the second mortgage loan is exempt from Section 7872, and thus the OID is not treated as a transfer payment.
 
 
 
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