Online Alerts

IRS Suspends LIHTC Rules to Allow Owners to House Tornado Victims

June 14, 2013    

On May 20, 2013, the President issued a major disaster declaration for the State of Oklahoma because of the devastation caused by the tornadoes. Subsequently, the Federal Emergency Management Agency (FEMA) designated jurisdictions for Individual Assistance. Because of the damage to housing...

Industry Report: Multifamily Maintains Momentum

June 14, 2013    

The rebound in the single-family home market doesn’t mean that the multifamily market is overbuilt, said Mark Obrinsky of the National Multifamily Housing Council (NMHC). Obrinsky and other real estate experts spoke about multifamily housing trends at the recent annual conference of The...

Mass. Statehouse Panel Pushes Along Affordable Housing Bill

June 14, 2013    

The Massachusetts Legislature's Joint Committee on Housing has advanced a bill designed to expand and preserve affordable housing in the state. It's a five-year, $1.4 billion housing bond bill. The legislation would provide additional authorization for housing programs for low-income and...

Ask Applicants' References Key Questions

June 14, 2013    

Depending on your location and the demand for affordable apartments, you may be experiencing increased traffic from prospective residents through your leasing office doors. If you, as a site owner or manager, screen applicants yourself, one of the most important steps you take is to contact...

Congress Reviews Residential Real Estate Tax Breaks

May 9, 2013    

 

NY Governor Announces $91 Million to Build Affordable Housing

May 9, 2013    

 

New York Governor Andrew M. Cuomo recently announced $91 million in awards for shovel-ready projects to build affordable housing across the state.  The funds were available through New York State Homes & Community Renewal (HCR)’s Unified Funding Application, a single...

Report Shows Rising Severe Housing Cost Burdens for Renters

May 9, 2013    

 

Holding Residents Accountable for Preventing Mold Growth

May 9, 2013    

 

It's not uncommon to hear about residents suing owners, claiming that they were injured by the presence of mold in their units. Exposure to certain molds or fungi has been linked to a number of ailments, including asthma, headaches, and skin rashes.

Obama's Budget Proposal Offers LIHTC Changes

April 11, 2013    

 

On April 10, President Obama released his proposed budget for the 2014 fiscal year. His proposals affecting low-income housing tax credits (LIHTCs) can be found in the "Reserve for Revenue-Neutral Business Tax Reform" Section of the proposed budget. Here are the changes...

Missouri to Audit State's LIHTC Program

April 11, 2013    

 

Recently, the Missouri state auditor announced plans to review the state’s low-income housing tax credit program as the state's General Assembly looks at tax credits this session. Currently, the program is administered by the Missouri Housing Development Commission. And...

IRS Issues State Population Estimates for LIHTC Allocations

April 11, 2013    

 

Recently, the IRS issued Notice 2013-15, advising state and local housing credit agencies that allocate low-income housing tax credits of the population figures to use in calculating tax credit ceilings and tax-exempt private activity bond caps. This year, each state's low-...

Warning Residents Who Don't Comply with House Rules

April 11, 2013    

 

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