Tax Credit Housing Management Insider

Feature

Send Notices to Remind Households to Report for Recertification

May 30, 2019    
Each year, if you manage a mixed-income site, you have the time-consuming job of recertifying tax credit households. But some households make the process more burdensome for you by failing to show up for a recertification meeting. If household members don’t report to a meeting until shortly...
Dealing with Households

Take Four Steps When Resident Who Lived Alone Passes Away

May 30, 2019    
When dealing with the death of a resident, you must remain sensitive to the family and friends of the deceased but also carefully follow legal procedures. We’ll tell you what steps you must take to deal with the deceased resident’s body and belongings. We’ll explain how you can...
In the News

NCSHA Asks IRS to Rescind Final Compliance Monitoring Regulations

May 30, 2019    
The National Council of State Housing Agencies (NCSHA) recently sent a letter to the IRS urging it to rescind the recently released final amended compliance monitoring regulations and to work with states to develop a “workable alternative.” The new compliance monitoring final...
In the News

ACTION Campaign Updates Fact Sheets Showing National Impact of LIHTC

May 30, 2019    
The A Call to Invest In Our Neighborhoods (ACTION) Campaign is a coalition of over 2,200 national, state, and local organizations and businesses working to address our nation’s severe shortage of affordable rental housing by protecting, expanding, and strengthening the Low-Income Housing Tax...
In the News

Study Explores Experiences of LIHTC Residents and Perceptions of Their Neighborhoods

May 30, 2019    
A recently published study in Housing Policy Debate, “Rethinking Opportunity in the Siting of Affordable Housing in California,” found that residents’ perspectives on housing affordability, neighborhood conditions, and access to educational and economic opportunity can differ from...
In the News

Modest Improvement in Low-Income Families’ Ability to Meet Basic Needs Despite Improving Economy

May 30, 2019    
A recent study by the Urban Institute, “Despite Labor Market Gains in 2018, There Were Only Modest Improvements in Families’ Ability to Meet Basic Needs,” found that families saw little improvement over the past year in their ability to meet basic needs despite rising employment...
Feature

The Impact of Opportunity Zones on Tax Credit Housing Development

May 16, 2019    
The federal Opportunity Zone program has generated a lot of excitement among investors and the real estate industry since it was created as part of the 2017 Tax Cuts and Jobs Act. The Opportunity Zone program seeks to be a catalyst for development in the neediest communities.
In the News

IRS Releases Second Set of Opportunity Zones Guidance

May 16, 2019    
In October 2018, the IRS published the first set of proposed regulations providing much of the direction taxpayers had been seeking. And while those regulations represented a step forward in understanding how to implement an Opportunity Zone project, many questions remained. Recently, the IRS...
In the News

White House Opportunity and Revitalization Council Publishes Implementation Plan

May 16, 2019    
President Trump established the Opportunity and Revitalization Council in December 2018 to target, streamline, and coordinate federal resources to be used in Opportunity Zone (OZs) and other economically distressed communities. The interagency Council is chaired by HUD Secretary Ben Carson. 
In the News

HUD Discloses Its Activities in Opportunity Zones, Requests Public Input

May 16, 2019    
HUD recently released a document that provides a snapshot of HUD’s programs and initiatives within Opportunity Zones (OZs) and requested input and recommendations on how HUD can incorporate OZs into existing policies, practices, planned actions, regulations, and guidance. According to HUD: