Tax Credit Housing Management Insider

Feature

The Average Income Minimum Set-Aside Election: Understanding the Proposed Regs

November 24, 2020    
The new option would allow for deeper income targeting and could help your bottom line.  
Compliance

Industry Group Asks IRS to Extend LIHTC COVID-19 Relief

November 24, 2020    
The National Council of State Housing Agencies (NCSHA) recently sent the IRS and the Treasury Department a letter urging them to extend the temporary Housing Credit relief provided by IRS Notice 2020-53 and to make other necessary program accommodations in light of the continuing disruption of the...
Maintenance

Perform Cost Analysis to Cut Maintenance Expenses

November 24, 2020    
If your site needs non-routine maintenance and repair work, you must decide between either using your own staff or hiring outside contractors. Some managers think that it’s always cheaper to use their site staff, but that’s not necessarily so. There are costs associated with using your...
In the News

Report: Pandemic, Racial Injustice, Climate Change Magnify Housing Crisis

November 24, 2020    
Despite low interest rates and continued growth in some sectors, the health and economic consequences of COVID-19 coupled with racial tensions and climate change across the nation have exacerbated the rental supply and affordability crises, according to the recent 2020 State of the Nation’s...
Feature

4 Dos & Don’ts for Dealing with Families with Children

October 29, 2020    
HUD recently charged two separate sites with discriminating against families with children. In one case, a Rhode Island site owner steered fair housing testers claiming to have children away from the site [HUD v. Francis, FHEO No. 01-19-2644.8]. Another case involved owners in Wyoming imposing...
Dealing with Households

Providing Safe Home Modifications for Residents Aging in Place

October 29, 2020    
With the aging of the U.S. population, you may find that the average age of your residents and applicants seeking units is older. Helping residents to age in place safely is a win-win for both owners and residents. Residents typically want to live independently for as long as possible, and stable...
Income Calculations

SSA Announces 1.3 Percent COLA Increase

October 29, 2020    
The Social Security Administration recently announced that the Social Security and Supplemental Security Income (SSI) benefits will increase 1.3 percent in 2021. The 1.3 percent cost-of-living adjustment (COLA) will begin with benefits payable to more than 64 million Social Security beneficiaries...
In the News

IRS Extends Deadline to Apply for EIPs

October 29, 2020    
The Consumer Financial Protection Bureau (CFPB) has announced that the IRS has extended to Nov. 21 the deadline to apply for a CARES Act Economic Impact Payment (EIP) for people who don’t normally file income taxes. The deadline had been Oct. 15 for eligible people to apply for their “...
In the News

CDC Issues Eviction Ban FAQs

October 29, 2020    
On Oct. 9, the CDC issued FAQs for the eviction moratorium in place from Sept. 4 through Dec. 30. The FAQs were issued jointly by the CDC, HUD, the Department of Health and Human Services (HHS), and the Department of Justice (DOJ) to clarify outstanding questions related to the declaration used by...
Feature

CDC, HHS Temporarily Halt Residential Evictions Nationwide

September 30, 2020    
We answer site owners’ most frequently asked questions about the moratorium.   On Sept. 4, the Centers for Disease Control and Prevention (CDC) and the Department of Health and Human Services (HHS) took unprecedented action when they officially published an order in the Federal Register...