Tax Credit Housing Management Insider

Feature

How the Neighborhood Homes Investment Act Compares with the LIHTC Program

July 29, 2021    
Earlier this year, President Biden made headlines as he introduced a $2 trillion infrastructure plan, titled “The American Jobs Plan,” to rebuild America’s infrastructure and revitalize the economy. With the federal moratorium on housing eviction ending in July, the majorities in...
Dealing with Households

Eviction Prevention Efforts Ramp Up, Treasury Updates ERA FAQs

July 29, 2021    
On July 21, the White House hosted a virtual meeting to help cities quickly deliver emergency rental assistance and develop plans to prevent evictions. Since December, Congress has provided to Treasury $46 billion for the Emergency Rental Assistance (ERA) program.
Compliance

4 Tips to Avoid Penalties for "Commingling" Residents' Security Deposits

July 29, 2021    
While collecting security deposits can provide financial protection to site owners from residents who cause property damage, security deposits can also become a liability to them if they aren’t handled properly. Owners must be careful about where they keep the money residents give them as...
In the News

OCC Will Rescind Trump-Era CRA Rule

July 29, 2021    
The Office of the Comptroller of the Currency (OCC) recently announced it will propose rescinding the Community Reinvestment Act (CRA) rule issued in May 2020. In 2020, the OCC proposed regulations intended to modernize the agencies’ regulations under the CRA, which haven’t been...
In the News

Report Finds Rents Out of Reach for Those Earning Minimum Wage

July 29, 2021    
Every year, the National Low Income Housing Coalition (NLIHC) puts out its "Out of Reach" report examining the housing wage, the hourly wage a full-time worker must earn to afford a modest, safe rental home without spending more than 30 percent of their income on housing costs. The report...
Feature

Q&A on Handling Disability Insurance Payments

June 24, 2021    
COVID-related illness has forced many people to tap short- or long-term disability insurance.  
Dealing with Households

Use Community Room Agreement to Make Residents Responsible for Damage and Injury

June 24, 2021    
A site’s community room is an ideal place for residents to throw parties or hold resident meetings. But your site may have closed its community room during the pandemic to limit social interactions and abide by local health guidelines. In fact, these type of safety precautions were common....
Compliance

How to Avoid Discrimination Claims from LEP Individuals

June 24, 2021    
National origin discrimination often involves individuals with limited English proficiency (LEP).   The tax credit rules make clear that if any units at your site aren’t “for use by the general public,” those units aren’t eligible for tax credits. To comply, your units...
In the News

Study Assesses Housing Markets Amid Post-Pandemic Recovery

June 24, 2021    
Harvard University’s Joint Center for Housing Studies recently released its annual “State of the Nation’s Housing 2021” report. You can download the report at www.jchs.harvard.edu/state-nations-housing-2021. Each year, the report summarizes the housing market and challenges...
In the News

Realtors Appeal CDC Eviction Moratorium to Supreme Court

June 24, 2021    
In early June, the U.S. Court of Appeals for the District of Columbia ruled that it would continue to stay a lower court ruling seeking to overturn the CDC eviction moratorium. In the lower court ruling, a federal judge set aside the CDC's nationwide moratorium which expires on June 30, 2021 [...