Tax Credit Housing Management Insider

Feature

How to Avoid Discrimination When Using AI in Tenant Screening

May 29, 2024    
HUD warns against artificial intelligence-based housing discrimination.   The use of artificial intelligence (AI) technologies in the multifamily industry has been raising red flags. As an increasing number of tenant screening companies claim to use AI to detect “higher-risk renters,...
Compliance

HUD to Propose Changes to HOME Program Regulations

May 29, 2024    
We review the proposed expansion of tenant rights and protections.     Funds from the HOME program and LIHTCs are often used together to finance affordable rental housing sites. To establish affordable rents in many markets, a site’s rents may not be enough to pay off a conventional...
In the News

New York State Bars Insurers from Discriminating Against Affordable Housing

May 29, 2024    
Will other states follow suit?   When New York State lawmakers enacted its fiscal year 2025 budget last month, it included legislation intended to support housing statewide and address the state’s housing crisis. One part of the passed legislation was a measure to ban insurance carriers...
In the News

Bipartisan House Group Urges IRS to Issue VAWA Guidance for LIHTC Sites

May 29, 2024    
Lawmakers blame the agency for lack of direction.   A bipartisan group of 24 members of Congress recently sent U.S. Treasury Secretary Janet Yellen and IRS Commissioner Daniel Werfel a letter urging the Treasury and IRS to issue guidance providing direction to state agencies and other LIHTC...
Feature

Avoid Complaints, Violations by Preparing Your A/C System for Summer

April 30, 2024    
Broken air conditioners are a red flag to NSPIRE inspectors.     Keeping your residents cool and comfortable in the summer should be one of your top priorities. If summer hits before you’re prepared and your air-conditioning system breaks down, you risk angering residents who will...
Income Calculations

HUD Issues 2024 Income Limits, Announces New Cap on Annual Increases

April 30, 2024    
You must implement the new limits no later than May 16, 2024.    
In the News

Fannie, Freddie Invested More than $1.7B in LIHTC Equity in 2023

April 30, 2024    
And the investment cap increased this year.   The Federal Housing Finance Agency (FHFA) recently released its annual Housing Mission Report. An independent agency established by the Housing and Economic Recovery Act of 2008 (HERA), the FHFA is responsible for the effective supervision,...
In the News

IRS Allocates Unused LIHTCs to 28 States

April 30, 2024    
They’ll get an additional $8.2 million in unused federal LIHTC carryovers.  
Feature

Avoid 7 Pitfalls When Responding to a Fair Housing Complaint

March 29, 2024    
This year marks the 56th anniversary of the Fair Housing Act (FHA), enacted by Congress on April 11, 1968. The FHA has been amended several times and now prohibits housing discrimination based on race, color national origin, religion, sex (including gender identity and sexual orientation),...
Verification

How HOTMA May Affect Your State Agency’s Verification Standards

March 29, 2024    
As a LIHTC site owner or manager, it’s important to be aware of Housing Opportunity Through Modernization Act (HOTMA) provisions since the legislation deals with reforms to the Section 8 Housing Choice Voucher program. And although the HOTMA legislative text or HUD regulations concerning...