Feature

Follow Six Dos & Don’ts When Counting Household Assets

January 31, 2018    
When calculating household income at initial certifications and at annual recertifications, if you have a mixed-income site, you must properly count the household’s assets. But this can be tricky if you’re not familiar with HUD’s rules. If you’re not sure how to count assets...
Dealing with State Housing Agency

NCSHA Updates Recommended Practices for LIHTC Administration

January 31, 2018    
The National Council of State Housing Agencies (NCSHA) recently issued the Task Force on Recommended Practices in Housing Credit Administration’s final report, which updates the organization’s guidance on administering the LIHTC. In 2000, NCSHA published its first recommended practices...
In the News

Surveyed Mayors Identify Affordable Housing as Major Concern

January 31, 2018    
The Boston University Initiative on Cities recently released the results of its 2017 survey of 115 mayors of cities with at least 75,000 residents. The study was sponsored by Citi Community Development and the Rockefeller Foundation. The study found that 51 percent of the mayors surveyed identified...
In the News

Rep. Curbelo Replaces Rep. Tiberi as Lead Sponsor of LIHTC Bill

January 31, 2018    
Since President Trump signed the Tax Cuts and Jobs Act into law, the price investors are willing to pay for LIHTC’s has dropped and may fall further because the new law reduced the corporate tax rate from 35 percent to 21 percent starting in 2018. This change will sharply reduce the need...
In the News

Study: Renters with Children More Likely to Report Asthma Issues than Homeowners

January 31, 2018    
A recent study from the Urban Institute entitled, “The Relationship between Housing and Asthma among School-Age Children,” used data from the 2015 American Housing Survey (AHS) to explore connections between housing and childhood asthma. The study found that that renters with children...
In the News

Study Draws Connection Between Housing Instability and Negative Health Effects

January 30, 2018    
A new study entitled, “Unstable Housing and Caregiver and Child Health in Renter Families,” from Boston Medical Center’s Children’s HealthWatch program finds housing instability, including chronically late rent payments, can affect the mental and physical health of family...
Feature

Four Common Misconceptions About the Applicable Fraction

December 28, 2017    
The applicable fraction is the percentage of rental units in a building that qualify as low-income units. Specifically, under Internal Revenue Code (IRC) §42(c)(1)(B), the applicable fraction is the smaller of the unit fraction or the floor space fraction. IRC §42(c)(1)(C) defines “...
Maintenance

Train Staff on How to Respond When Passenger-Filled Elevator Breaks Down

December 28, 2017    
If your site has an elevator, it’s important that your staff know the proper steps to take when a passenger-filled elevator breaks down. Elevators can and do malfunction, more often than most people may like to think, sometimes resulting in injuries. An owner is subject to premises liability...
In the News

Trump Signs Major Tax Overhaul into Law, PABs Preserved

December 28, 2017    
On Dec. 22, President Trump signed the $1.5 trillion tax overhaul legislation into law. Prior to the signing, House and Senate GOP leadership filed a conference report on the Tax Cuts and Jobs Act, reconciling the differences between the House-passed and Senate-passed versions of the bill. The...
In the News

Rental Housing Study Examines Cost Burdens for Lowest Income Households

December 28, 2017    
The Joint Center for Housing Studies at Harvard University (JCHS) recently released its biennial rental housing study. The report finds that unprecedented growth in the rental housing market is slowing amid persistent affordability challenges for low- and moderate-income renter households. Fewer...