Feature

Follow Six Rules to Avoid Discriminating Based on Race, Religion, or National Origin

March 30, 2017    
A federal judge recently froze the latest iteration of President Trump’s travel ban, claiming that the new order is still essentially a Muslim ban. In the opinion, the U.S. District Judge pointed to President Trump’s own comments and those of his close advisers as evidence that his...
Compliance

Four Tips to Avoid Mistakes in Tax Credit Calculations

March 30, 2017    
A key aspect of your job as a tax credit manager is performing calculations. For instance, you must perform calculations to correctly determine whether a household is eligible to occupy a low-income unit, how much rent you can charge, and how many low-income units you need to set aside at your site...
In the News

Bill Introduced to Strengthen the Low-Income Housing Tax Credit Program

March 30, 2017    
Representative Pat Tiberi (R-OH-12) and Ways and Means Committee Ranking Member Richard Neal (D-MA-1) recently introduced the Affordable Housing Credit Improvement Act of 2017 (H.R. 1661). This is the companion legislation to S. 548, which Senator Maria Cantwell (D-WA) and Senate Finance Committee...
In the News

Report Shows How Demand for Affordable Housing Explodes as Supply Constricts

March 30, 2017    
Senator Maria Cantwell (D-WA) recently released a report entitled “Meeting the Challenges of the Growing Affordable Housing Crisis.” The report details the exploding demand for affordable housing and the dramatic decrease in affordable units. It attributes the crisis to an increased...
In the News

Report Finds Room for Improvement in Promoting Access to Opportunity for Bay Area Developments

March 30, 2017    
The Haas Institute for a Fair and Inclusive Society at UC Berkeley recently released a study that comprehensively analyzes the administration of the LIHTC program in California by examining LIHTC developments in the San Francisco Bay Area.
Feature

Adapt HUD Model Emergency Transfer Plan to Prepare for IRS VAWA Regs

February 27, 2017    
In 2013, when the Violence Against Women Reauthorization Act (VAWA) was signed by President Obama, the list of covered programs was expanded to include the LIHTC and HOME programs as well as numerous other programs administered by HUD and the Department of Agriculture (USDA) Rural Development...
Dealing with Households

How to Encourage Resident Cooperation with Recertification Requirements

February 27, 2017    
IRS regulations don’t require annual certifications for properties that are 100 percent tax credit. However, for mixed-income sites, recertifications serve an important function. Annual certifications ensure affordable housing units are occupied by income-eligible households, and provide a...
In the News

Representative Ellison Introduces 'Common Sense Housing Investment Act'

February 27, 2017    
Representative Keith Ellison (D-MN) recently reintroduced legislation to end homelessness and housing poverty through tax reform. The bill calls for reducing the mortgage interest deduction to a flat 15 percent tax credit for the first $500,000 of debt. The legislation would gradually phase-out the...
In the News

Report Shows Reduction in Segregation in Texas’ LIHTC Developments

February 27, 2017    
Texas Low Income Housing Information Service recently released a report titled “Fair Housing and Balanced Choices: Did Texas Reduce Government-Funded Segregation?” The report looked at the effect of a 2013 change in LIHTC award criteria on the location of LIHTC developments in the state...
In the News

Senate Confirms Steve Mnuchin as Treasury Secretary

February 27, 2017    
On Feb. 13, by a vote of 53 to 47, the United States Senate voted to confirm the nomination of Steve Mnuchin, a former investment banker and Hollywood film financier, to serve as Secretary of the Treasury. Mnuchin served as senior advisor and finance chair to the Trump campaign and recently served...