Feature
April 26, 2019
As an owner or manager, you do your best to hold on to most households, especially because qualified tax credit households can be hard to find. But there may be times when, in order to comply with the tax credit program, you may have to ask certain tax credit households to leave. For instance, you...
Dealing with Employees
April 26, 2019
The tax credit law doesn’t bar you from renting to employees. In fact, many sites have on-site employees—from property managers to security officers to maintenance workers—who reside at the LIHTC site and are essential to the success of the property. Having someone employed by the...
In the News
April 26, 2019
HUD launched its LIHTC pilot program in 2012 to streamline processing of Section 223(f) LIHTC transactions with repairs up to $40,000 per unit. As a result of the pilot program, 34 percent of HUD’s 912 loans insured in 2018 were LIHTC transactions. And of the 148,726 units insured last year,...
In the News
April 26, 2019
The White House Opportunity and Revitalization Council, chaired by HUD Secretary Ben Carson, recently published its Implementation Plan. It details how the council will accomplish the goals specified in Executive Order 13583 of Dec. 12, 2018. The Implementation Plan explains the various...
In the News
April 26, 2019
The National Housing Conference (NHC) recently released its 2018 Paycheck to Paycheck report and database highlighting housing affordability challenges for workers in 81 occupations living in 259 metropolitan areas in the United States. The annual report focuses on the affordability challenges of...
