Tax Credit Housing Management Insider

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...
Dealing with Households

How to Prevent Residents from Using Staff to Run Errands

September 30, 2020    
Residents may ask employees to do personal tasks such drop off their dry cleaning or fix a stereo or some other personal equipment. This puts owners in a delicate position because, on one hand, allowing such employee behavior opens you up to liability risks, and on the other hand, barring employees...
Maintenance

Follow 5 Safety Tips When Using Backup Generators After a Disaster

September 30, 2020    
Extreme weather frequently knocks over electrical lines. Such power outages are common during disasters, and they can last for several days. With this year’s record-breaking hurricane season along with record wildfires on the West Coast, it may be a good idea to review basic safety measures...
In the News

Disaster Relief Bill Includes Increased LIHTC Allocation

September 30, 2020    
Senate Finance Committee ranking member Ron Wyden (D-Ore.), along with Senators Jeff Merkley (D-Ore.), Dianne Feinstein (D-Calif.), Patty Murray (D-Wash.), and Kamala Harris (D-Calif.), recently introduced a bill in the Senate to offer tax relief to individuals, businesses, and states affected by...
In the News

CBPP Launches Campaign to Help People Get Stimulus Checks

September 30, 2020    
The Center on Budget and Policy Priorities (CBPP) recently launched a Final 30 Days Push campaign to help eligible people apply for their Economic Impact Payments (EIPs), better known as “stimulus checks,” before the Oct. 15 deadline. According to the IRS, there are roughly nine million...
In the News

NCSHA: Renters Will Owe Up to $34B in Back Rent by January

September 30, 2020    
U.S. renters will owe up to $34 billion in past-due rent by January, increasing eviction filings and imposing punishing financial hardship on millions in just a few months, according to a recent report by the National Council of State Housing Agencies (NCSHA). The report estimates roughly 10–...
Feature

How to Avoid Costly Evictions with Rent Payment Plans

August 31, 2020    
With the additional $600 in unemployment insurance payments provided by the CARES Act having expired on July 31, many renters across America are at a precipice. Millions of Americans are experiencing job loss, reduced hours, and reduced income due to the economic effects of COVID-19. Thus far,...
Compliance

How to Determine Allowable Fees at LIHTC Sites

August 31, 2020    
With widespread unemployment and reduced income among renters during the coronavirus pandemic, your site might be experiencing a decline in rental income. As a result, you may be considering charging fees for certain amenities and services to offset the revenue loss and to help cover operating...
Dealing with HUD

Prepare for REAC Inspections to Resume

August 31, 2020    
If you manage a blended-occupancy or mixed-finance site that includes LIHTC and Section 8 Project-Based Rental Assistance program compliance, you should know that HUD’s Real Estate Assessment Center (REAC) recently released a memorandum that details the return-to-operations plan for...
Dealing with Households

Prepare Enough Evidence When Evicting Resident for Illegal Activity

August 31, 2020    
By signing a lease agreement, a resident agrees to follow the terms of the lease. If the tenant breaks a clause of this contract, an owner must often first send the tenant a “Notice to Quit.” A Notice to Quit is a formal legal document an owner sends a resident in an attempt to fix a...