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For information regarding the manner and timing of making the mark-to-market election, see Chapter 4 of Publication 550, Investment Income and Expense or Revenue Procedure 99-17, 1999-1 CB 503. In addition, they may limit the types of properties or types of loans that are eligible. Under certain circumstances, CDBG funds may be used to provide second mortgages. Credit checks run for a landlord or property manager are considered tenant screening inquiries.
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