Tax Credit Housing Management Insider

Feature

Use Green Landscaping Practices to Save Money and Resources

November 13, 2018    
By Carolyn Zezima
Feature

Q&A on Tax Credit Site Leases

October 30, 2018    
When managing a tax credit site, you may be confused about what you can and can’t do when it comes to creating a lease for your low-income households. For instance, you may be unsure whether you can give households a one-month lease without putting your site owner’s tax credits at risk...
Certification

Conduct Detailed Interview of Households Claiming Zero Income

October 30, 2018    
Under Treasury Regulations 1.42-5(b)(1)(vii), LIHTC site owners must document each low-income tenant’s income certification with documents such as federal income tax returns and W-2 forms. The regulation makes an exception for tenants receiving housing assistance payments under Section 8. The...
Maintenance

Prepare for Winter with Fall 'To Do' List

October 30, 2018    
Each season of the year presents a different set of maintenance challenges for apartment building management. Winter represents the harshest season of wear and tear on your building. Some fall maintenance tasks are obvious—such as closing the swimming pool and draining the in-ground sprinkler...
In the News

JCHS Compares Rental Supply and Demand at Various Income Levels

October 30, 2018    
A recent analysis by the Harvard Joint Center for Housing Studies (JCHS) compared changes in the rental supply at various rent levels with changes in the number of renter households at various income levels. The analysis found that a growing number of low-income renters are competing for a...
In the News

IRS Provides Temporary Relief to Displaced Victims of Recent Hurricanes

October 30, 2018    
The Internal Revenue Service has provided temporary relief from certain requirements of the Internal Revenue Code to allow owners and operators of low-income housing projects located anywhere in the United States and its territories to provide temporary emergency housing to individuals who are...
In the News

Rep. Clyburn Proposes Renters Credit and Local Zoning Reforms

October 30, 2018    
Representative James E. Clyburn (D-SC) recently introduced the “Housing Opportunity, Mobility and Equity (HOME) Act of 2018” (H.R. 7050), the House version of the Senate legislation (S.3342) proposed by Senator Cory Booker (D-NJ).
In the News

Treasury Gives Advance Look at Proposed Opportunity Zone Regulations

October 30, 2018    
The Treasury Department and the IRS recently issued Newswire IR-2018-206 announcing an advance version of proposed Opportunity Zone tax incentive regulations. Opportunity Zones, created by the 2017 Tax Cuts and Jobs Act, were designed to spur investment in distressed communities through tax...
In the News

Social Security Benefit Increases 2.8 Percent for 2019

October 30, 2018    
The Social Security Administration recently announced that the Social Security and Supplemental Security Income (SSI) benefits for more than 67 million Americans will increase 2.8 percent in 2019.
Feature

Compliance Basics of Acquisition and Rehab Credits

September 27, 2018    
The LIHTC program is an indirect federal subsidy used to finance the construction and rehabilitation of low-income affordable rental housing. LIHTC sites receive funding either as new construction or acquisition rehab. A recently published U.S. Government Accountability Office report on LIHTC...