Compliance
February 26, 2024
Minor changes may indicate more significant updates to come.
The IRS recently issued updated guidance for completing Form 8823, the form used by state and local LIHTC agencies to notify the IRS in the event of noncompliance or building disposition. The Guide for Completing Form 8823...
Dealing with Households
February 26, 2024
Like most owners, you probably include some residency requirements in your leases and some in your site rules. But if you include a requirement in the wrong place, you could create confusion and face enforcement problems. To help you avoid such problems, we’ll tell you which requirements...
Feature
January 31, 2024
Income limit increases will be capped at 10%.
On Jan. 10, HUD published a notice on changes the agency is intending to make to the methodology used for calculating Section 8 income limits. HUD publishes these income limits each year based on changes to each housing area’s median...
Compliance
January 31, 2024
As a site owner or manager, it’s a good idea to check the interior common areas of your tax credit site regularly for safety hazards. If you find problems, you must immediately correct them, or risk legal liability for any potential injuries to residents, their guests, or visitors to the site...
In the News
January 31, 2024
The Federal Housing Finance Agency (FHFA) recently released a summary of responses it received after issuing a Request for Input (RFI) on how the agency could create and enforce renter protections for households living in rental properties with federally backed mortgages, namely through Fannie Mae...
In the News
January 31, 2024
A record-high 22.4M renters spent more than 30% of their income on rent and utilities.
Feature
December 21, 2023
We give you 6 guidelines to follow.
A definite plan to deal with potential disasters at your site is an important element of providing a safe environment for your staff and residents. The U.S. is experiencing more frequent and intense weather- and climate-related hazards such as...
Dealing with Households
December 21, 2023
We give you answers to four frequently asked questions.
Fentanyl and other opioids are fueling the worst drug crisis in the history of the United States. According to CDC drug overdose data, drug overdose deaths in the United States, driven by illicit fentanyl and other opioids,...
Income Calculations
December 21, 2023
The IRS recently issued Notice 24-08, which contains the 2024 standard mileage rates used to calculate the deductible costs of operating an automobile for business, charitable, medical, or moving purposes.
With the recent notice, the 2024 business standard mileage rate is increasing to 67 cents, up...
In the News
December 21, 2023
The IRS doesn’t have the resources to collect detailed LIHTC cost information.
The U.S. Government Accountability Office (GAO) recently issued a brief report entitled, “Low-Income Housing Tax Credit: Opportunities to Improve Oversight.” The report highlights the fact...
