Tax Credit Housing Management Insider

Feature

Treasury Issues New Emergency Rental Assistance Guidance

February 26, 2021    
On Feb. 22, the Department of the Treasury released an updated FAQ to help states and communities quickly distribute more than $25 billion in emergency rental assistance to renters financially affected by the COVID-19 pandemic. The $25 billion for the Emergency Rental Assistance (ERA) program was...
In the News

Research Supports a Flexible Emergency Rental Assistance Program

February 26, 2021    
A recent study sought to glean lessons from the state and local rental assistance programs launched in 2020 before the emergency rental assistance programs funded by the coronavirus relief package signed into law on Dec. 27, 2020 ramps up. The difficult task of administering these funds will fall...
Compliance

Texas Storm Recovery: How to Take Advantage of LIHTC Disaster Relief

February 26, 2021    
The recent winter storm that battered Texas left many of the state’s residents in dire situations. In the aftermath of the storm, a mass power outage left more than 4 million Texas residents in the dark and cold for days. And as power and heat was restored, the thawing ice exposed broken...
Dealing with HUD

HUD to Fight Discrimination Based on Sexual Orientation and Gender Identity

February 26, 2021    
On Jan. 20, President Biden issued Executive Order 13988, titled “Preventing and Combating Discrimination on the Basis of Gender Identity or Sexual Orientation.” The order directed executive branch agencies to examine further steps that could be taken to combat such discrimination. HUD...
Feature

IRS Extends LIHTC Deadlines, COVID-Related Relief

January 28, 2021    
On Jan. 15, the IRS issued Notice 2021-12, which extends the temporary relief for qualified LIHTC sites from COVID-related difficulties. The notice also extends certain deadlines that were established in prior notices.
Compliance

How to Tap Funds in the Emergency Rental Assistance Program

January 28, 2021    
We explain how renters and owners can access the $25 billion assistance to cover past-due rents.   On Dec. 27, 2020, the Consolidated Appropriations Act, the year-end omnibus legislation that includes appropriations for all federal departments and agencies, tax provisions, and much needed...
Compliance

Second-Draw PPP Loans: Do You Qualify?

January 28, 2021    
If so, act fast.   The Coronavirus Aid, Relief, and Economic Security (CARES) Act established the Paycheck Protection Program (PPP) to help businesses keep their workforce employed during the pandemic. PPP loans were intended to cover payroll expenses, as well as qualifying rent, utility, and...
In the News

President Biden Unveils $1.9 Trillion American Rescue Plan

January 28, 2021    
President Joe Biden recently unveiled his “American Rescue Plan,” a $1.9 trillion package of policies to address the healthcare, economic, and societal harms caused by the COVID-19 pandemic. He described it as an “emergency legislative package to fund vaccinations, provide...
In the News

Janet Yellen Sworn in as Treasury Secretary

January 28, 2021    
Janet L. Yellen was recently sworn in as the secretary of the Treasury Department. Ms. Yellen is the 78th Treasury secretary and the first woman to head the department. As Treasury secretary she will be involved in the design, negotiation, and passage of a stimulus package intended to revive the...
Feature

Resolve to Continue Pandemic Best Practices in 2021

December 23, 2020    
Don’t relax your COVID protocols too soon.   Although the vaccine rollouts have begun with health care workers and residents of long-term care facilities, normal operations for LIHTC sites are still a ways away. The current level of vaccine distribution won’t be able to stop a...