Tax Credit Housing Management Insider

Feature

How to Verify Student Status of Household Members

June 27, 2019    
To comply with tax credit rules, you must verify the student status of each household member who says he or she is a student. That’s because tax credit rules bar households composed entirely of full-time students. And if the student is a member of a household that’s not barred for this...
Dealing with Households

Four Rules for Recertifying Household Member on Military Duty or Otherwise Absent

June 27, 2019    
If you don’t know when to count—and when not to count—the income of absentees, because of military service or otherwise, during recertification at your mixed-income site, you can miscalculate residents’ rent and jeopardize the owner’ tax credits. Counting the income of...
In the News

Bipartisan Senators Reintroduce Bill to Establish Affordable Housing Task Force

June 27, 2019    
Senators Todd Young (R-Ind.), Angus King (I-Maine), and Maria Cantwell (D-Wash.), along with a group of 13 bipartisan senators, reintroduced the Task Force on the Impact of the Affordable Housing Crisis Act, which aims to better understand and respond to America’s housing affordability crisis...
In the News

Former HUD Secretary Julián Castro Proposes Affordable Housing Plan

June 27, 2019    
Presidential candidates are increasingly focused on affordable housing. Most recently, Former HUD Secretary Julián Castro joined other presidential hopefuls, including Senators Cory Booker (D-N.J.), Kirsten Gillibrand (D-N.Y.), Kamala Harris (D-Calif.) and Elizabeth Warren (D-Mass.), in releasing a...
In the News

NLIHC Releases Annual Housing Affordability Report

June 27, 2019    
The National Low Income Housing Coalition (NLIHC) recently released the 30th anniversary edition of the Out of Reach report. The report documents the gap between renters’ wages and the cost of rental housing throughout the U.S. The national Housing Wage--the hourly wage a full-time worker...
In the News

Bipartisan Bill Aims to Improve Disaster Recovery for Older Adults and People with Disabilities

June 27, 2019    
A bipartisan group of lawmakers in the House and Senate, including Senators Bob Casey (D-Pa.) and Susan Collins (R-Maine) and Representatives Jim Langevin (D-R.I.) and Chris Smith (R-N.J.), recently introduced the “Real Emergency Access for Aging and Disability Inclusion for Disasters Act...
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...