Tax Credit Housing Management Insider

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.
Related Tools: Identify Sources of Household Income Information
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,...
Feature

Perform 8 Compliance Checks on Available Units Before Offering a Lease

April 27, 2023    
Before you rent any unit at your tax credit site to a new household, it’s important to confirm that the rental will comply with the tax credit law. If your rental of a unit won’t comply, the owner’s credits for that unit may be at risk. And if the unit is one you must count to...
Compliance

HUD Proposes Updated Housing Inspection Scoring Methodology

April 27, 2023    
Unless the IRS states otherwise, as of Oct. 1, the inspection standards for monitoring will become NSPIRE.  
Compliance

Record Retention Requirements to Keep in Mind When Spring Cleaning

April 27, 2023    
The spring season’s warm weather and rainy days may motivate you to conduct a thorough spring cleaning of your office files. But before you clean out your file cabinets or declutter your computer files, it’s important to review the LIHTC program’s recordkeeping and retention rules...
In the News

Treasury Highlights Use of ARP Funds to Increase Affordable Housing Supply

April 27, 2023    
HUD and the Treasury Department recently highlighted the Biden administration’s efforts to increase access to safe, quality housing by encourage the use of American Rescue Plan (ARP) funds for affordable housing production and preservation. The State and Local Fiscal Recovery Funds (SLFRF),...
Feature

Follow 3 Tips to Prepare Your Site for Fair Housing Testers

March 31, 2023    
HUD recently awarded $54 million to 182 fair housing organizations across the country under its Fair Housing Initiatives Program. These grants allow the organizations to provide fair housing enforcement by conducting investigations, testing to identify discrimination in the rental markets, and...
Income Calculations

How HOTMA Will Affect HUD's Income Calculation Rules

March 31, 2023    
HUD recently released its final rule for implementing the remaining Housing Opportunity Through Modernization Act (HOTMA) provisions. HOTMA was a bipartisan bill that sought to align and streamline public housing and HUD multifamily programs. For these programs, the changes under HOTMA touch upon...
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