Tax Credit Housing Management Insider

Feature

Share Safety Tips Regarding CO Poisoning with Site Residents

January 30, 2019    
Along with the colder weather comes the risk of carbon monoxide (CO) poisoning. CO is a colorless, odorless gas that’s the second most common cause of non-medicinal poisoning death. According to the Centers for Disease Prevention and Control (CDC), over 10,000 people are poisoned by CO and...
Dealing with Households

Facilitate Eviction Process by Giving Attorney Relevant Documents, Information

January 30, 2019    
When you hire an attorney to evict a resident from your tax credit site for violating the lease, you want to have the eviction handled as quickly and efficiently as possible. But the process may be unnecessarily hindered if you don’t give the attorney all the documents and information she...
Income Calculations

How to Handle Rental Property When Calculating Household Income

January 30, 2019    
Determining annual income is an important step in determining an applicant’s eligibility for the LIHTC program. To become income eligible, an applicant’s household gross annual income must be equal to or less than the income limit applicable to your site.
In the News

Natural Disaster Events Exceed $1B in Damage in 2018

January 30, 2019    
CoreLogic, a financial services company providing financial and property information analytics, recently released its 2018 Natural Hazard report. The report examines the impact of last year’s natural disasters on residential and commercial real estate. According to the National Oceanic and...
In the News

Final IRS Opportunity Zone Regs Eagerly Awaited

January 30, 2019    
Since the government has been reopened temporarily, developers and property owners have been anticipating IRS guidance on the new Qualified Opportunity Zone (QOZ) provisions included in the Tax Cuts and Jobs Act. The QOZ incentive provision allows taxpayers who recognize a gain from the sale of an...
In the News

Survey: Municipal Leaders Want to Boost Housing Unit Supply

January 30, 2019    
The Boston University Initiative on Cities recently announced the results of its 2018 Menino Survey of Mayors, a nationally representative survey of mayoral thoughts and challenges on today’s top issues. According to the survey, which is based on interviews with a representative sample of 110...
In the News

Trump Resubmits IRS Chief Counsel Nomination

January 30, 2019    
The IRS Chief Counsel is appointed by the President of the United States, with the advice and consent of the U.S. Senate, and serves as the chief legal advisor to the IRS Commissioner on all matters pertaining to the interpretation, administration, and enforcement of the Internal Revenue Code, as...
Feature

Avoid Noncompliance Problems When Family Size Changes

December 23, 2018    
As a tax credit manager, you must be aware of households’ composition and how changes in the size of an existing household after the initial tenant income certification may invoke certain LIHTC rules. Generally, changes in family size don’t cause a unit to stop being income-qualified.
Compliance

Download Five Documents to Help with Tax Credit Management

December 23, 2018    
As a tax credit owner or manager, you should familiarize yourself with key documents to help you manage your tax credit site. To make it easy for you to get these documents, we’ll discuss five useful documents you can download from the Internet. We’ll tell you about each document and...
Q & A

Single Parent Exception to the Student Rule

December 23, 2018    
 Q As I understand it, there’s an exception to the student rule for a single parent. At what age is the child no longer considered a child or a full-time student for the purposes of this exception? A For the LIHTC program, a household cannot be comprised of all full-time students (...