Feature

Include Key Elements to Ensure Effective Nonpayment Settlements

July 28, 2016    
An owner seeking to evict a resident can’t begin an eviction lawsuit without first legally terminating the tenancy. This means giving the resident written notice, as specified in the state’s termination statute. If the tenant doesn’t move or fix the issue, for example, by paying...
Compliance

Instruct Staff Not to Accept Rent Checks from Nonresidents

July 28, 2016    
From time to time, you or a staff member may get a rent check from someone other than the resident named on the lease. If you deposit the check and it turns out that the resident is illegally subletting his unit to the person who sent the rent check, you could run into problems. A court may rule...
Compliance

Understanding Possible NAU Violations in 100 Percent LIHTC Buildings

July 28, 2016    
The tax credit law allows low-income units to remain qualified even when a household goes over-income. But to maintain the unit’s low-income status, when a household’s income exceeds 140 percent of the income limit (or 170 percent in deep rent-skewed units), you must follow the next...
In the News

Housing Bill Seeks to Protect Survivors of Domestic Violence and Sexual Assault

July 28, 2016    
U.S. Senator Jeanne Shaheen (D-NH) recently introduced legislation that would provide legal protections to ensure access to safe housing for victims of domestic violence and sexual assault. Building on protections in the Violence Against Women Act and the Fair Housing Act, the “Fair Housing...
In the News

Study Finds Little Evidence of LIHTC Impact on Neighborhood Mobility

July 28, 2016    
The U.S. Census Bureau’s Center for Administrative Records Research and Applications recently released a new working paper titled “The Effect of Low-Income Housing on Neighborhood Mobility: Evidence from Linked Micro-Data.” The paper assesses the impact of LIHTC developments on...
In the News

Senators Introduce Additional Comprehensive Affordable Housing Bill

July 28, 2016    
U.S. Senate Finance Committee member Maria Cantwell (D-WA) and Senate Finance Committee Chairman Orrin Hatch (R-UT) recently introduced the bipartisan Affordable Housing Credit Improvement Act of 2016. This legislation continues the effort to expand the Affordable Housing Tax Credit by 50 percent...
Maintenance

Eight Site Improvements to Reduce Water Usage at Your Site

July 15, 2016    
Clean, safe water is a precious resource that we all need to survive and often take for granted. But as droughts and water-rationing measures in states like California affect water supplies and usage for millions of people, responsible owners and managers everywhere are starting to take steps to...
Feature

How to Annualize Five Types of Employment Income

June 30, 2016    
To calculate household income for determining whether a household is eligible at a tax credit site, you’re required to follow the rules set out in HUD Handbook 4350.3. Sections 1 and 3 of Chapter 5 of the HUD Handbook (Determining Income and Calculating Rent) set out the rules you must follow...
Income Calculations

How to Count Absent Members When Calculating Household Size and Income

June 30, 2016    
A household can consist of one or more persons. A household may report to you that one of its members will be absent from the unit. For instance, an applicant may report that she has a daughter who’s away at school. Or an applicant may report that his wife recently had a stroke and will be...