Dos & Don'ts

Consider Subsidy When Screening Section 8 Applicants

July 28, 2023    
Make sure you take into account the Section 8 subsidy in determining a Section 8 voucher holder’s ability to pay rent. If your site requires applicants to have a minimum income level, don’t let this policy improperly reject voucher holders who don’t meet your site’s minimum...
In the News

Report Grades State QAPs on Energy Efficiency, Racial Equity, Healthy Building Practices

July 28, 2023    
The BlueGreen Alliance Foundation recently released a report that ranked all states based on their criteria for allocating LIHTCs through Qualified Allocation Plans (QAPs). The report scored each state based on how the states’ QAPs promoted healthy building practices, energy efficiency, and...
Feature

HUD Releases Final NSPIRE Inspection Standards

June 28, 2023    
Notice marks first comprehensive overhaul of inspection standards in 20 years.  
Compliance

Get Extended Use Restriction Agreement Signed and Recorded

June 28, 2023    
If you don’t, the IRS may cite you for noncompliance, and the owner may lose its tax credits.  
Maintenance

Take 7 Steps When Bidding Out Landscape Maintenance

June 28, 2023    
It's no surprise that many sites spend a big portion of their operating budgets on professional landscape services. And it’s a major expense that managers can substantially impact to reduce a site’s operating costs. Here are seven steps you should take when bidding out landscaping...
In the News

Latest “State of the Nation’s Housing” Report Is Released

June 28, 2023    
The Joint Center for Housing Studies of Harvard University recently released its annual report, State of the Nation’s Housing 2023. The report combines analyses of data from the U.S. Census Bureau, HUD, Freddie Mac, the National Association of Realtors, RealPage, and other sources to provide...
Feature

Use Questionnaire to Avoid Misunderstandings About Household Income

May 25, 2023    
When you certify or recertify households for tax credit housing, IRS rules require you to estimate how much income household members expect to receive in the next 12 months. Without this information, you can’t certify or recertify the household’s eligibility.
Income Calculations

HUD Issues 2023 Income Limits for Tax Credit Programs

May 25, 2023    
This year’s limits must be implemented no later than June 29, 2023.  
Compliance

HUD Aligns Inspection Regulations, Publishes NSPIRE Final Rule

May 25, 2023    
After seven years of working towards consolidating, updating, and improving the Housing Quality Standards (HQS) and the Uniform Physical Condition Standards (UPCS) to implement a single inspection protocol for HUD-assisted units, HUD recently published the final rule for the Physical Inspection of...
In the News

Reintroduced AHCIA Bill Seeks to Expand and Improve LIHTC Program

May 25, 2023    
On May 11, bipartisan groups of senators and representatives introduced the Affordable Housing Credit Improvement Act (AHCIA) of 2023 in the Senate and House. The AHCIA was first introduced in Congress in 2016, and has had increasing bipartisan support since then. Although it hasn’t passed,...