Tax Credit Housing Management Insider

Feature

Beyond Lead-Free: How to Use Safe Painting Practices at Your Site

November 13, 2019    
By Carolyn Zezima, Esq.
Feature

How to Verify Alimony or Child Support Amount—and Reasonable Efforts to Collect

October 30, 2019    
When certifying or recertifying households, you may encounter household members who get alimony or child support from ex-spouses or their children’s parents. Or it may be the case that a household member pays alimony or child support to someone else. Or a household member receives none or...
Q & A

Citizenship Requirements and the LIHTC Program

October 30, 2019    
Q My company has just started managing our first tax credit site. Some of our applicants aren’t U.S. citizens. We’ve previously managed Section 8 sites and have had to reject applicants because they were noncitizens without proper documentation. Is there any citizenship requirement for...
Q & A

Clarification on Counting Foster Children and Foster Adults as Household Members

October 30, 2019    
Q The October issue of the Insider stated that foster children are not counted when determining household eligibility. (See “How to Calculate Correct Income for Adults and Dependents.”) Is this correct in light of the most recent change to HUD Handbook 4350.3, and how do we account for...
Compliance

Visit Online Fair Housing Resources to Get Help with Compliance

October 30, 2019    
Fair housing compliance is key to successful tax credit management. Here are five online resources for you to check out. Each site offers a product, service, or activity that can help you better understand what you must do to avoid illegally discriminating against applicants and residents at your...
Income Calculations

SSA Announces 2020 COLA Increase of 1.6 Percent

October 30, 2019    
On Oct. 10, the Social Security Administration announced that the Social Security and Supplemental Security Income (SSI) benefits will increase 1.6 percent in 2020. The 1.6 percent cost-of-living adjustment (COLA) will begin with benefits payable to more than 63 million Social Security...
In the News

Report: LIHTC Program Supports Nearly 40 Percent of Region’s Rental Housing

October 30, 2019    
Freddie Mac recently released a white paper highlighting the role that the LIHTC program serves in the rural Lower Mississippi Delta. The report shows that the LIHTC program supports a substantial percentage (39.2 percent) of multifamily rental housing in the region, more than three times the...
In the News

New Democrat Coalition Endorses AHCIA

October 30, 2019    
The New Democrat Coalition (NDC) is a Congressional Member Organization within the U.S. Congress made up of centrist Democrats who support an agenda that the organization describes as “moderate” and “pro-growth” and who support a balanced budget. Entering the 116th Congress...
In the News

Indiana Tax Court Reverses Site’s Charitable Exemption Determination

October 30, 2019    
An Indiana Tax Court recently reversed an Indiana Board of Tax Review’s final determination that concluded a low-income apartment complex owner failed to prove it qualified for a charitable purposes exemption. In 2007, the owner purchased a HUD site for low-income renters in the county. The...
Feature

How to Calculate Correct Income for Adults and Dependents

September 25, 2019    
How you calculate the income of a low-income household member depends on whether that member is an “adult” or a “dependent,” as defined by HUD. But the difference between the two isn’t as obvious as you might think. The HUD Handbook specifically defines these terms,...