Feature
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...
Compliance
December 23, 2020
Congressional negotiators recently struck a deal on a bipartisan year-end legislative package, which includes a change that has been advocated by LIHTC proponents for a long time. In the proposed $900 billion federal relief package, lawmakers proposed a floor rate of 4 percent, separating the LIHTC...
Compliance
December 23, 2020
Here are four questions that test your knowledge—and that of your staff—on calculating annual income and applying correct income limits to applicant households. The answers, along with explanations, follow the quiz. Special thanks to tax credit consultant Karen Graham of Karen A. Graham...
In the News
December 23, 2020
LIHTC supports a little over 40 percent of the multifamily housing market in rural Persistent Poverty Counties (PPCs), according to a new Freddie Mac white paper.
In the News
December 23, 2020
More than 7,600 apartments, townhomes, and houses nationwide are currently exposed to at least one “coastal flood risk event” in a typical year, and more than 24,500 units may be so threatened by 2050, according to a new report by The National Housing Trust and Climate Central. Their...
Feature
November 24, 2020
The new option would allow for deeper income targeting and could help your bottom line.
Compliance
November 24, 2020
The National Council of State Housing Agencies (NCSHA) recently sent the IRS and the Treasury Department a letter urging them to extend the temporary Housing Credit relief provided by IRS Notice 2020-53 and to make other necessary program accommodations in light of the continuing disruption of the...
Maintenance
November 24, 2020
If your site needs non-routine maintenance and repair work, you must decide between either using your own staff or hiring outside contractors. Some managers think that it’s always cheaper to use their site staff, but that’s not necessarily so. There are costs associated with using your...
In the News
November 24, 2020
Despite low interest rates and continued growth in some sectors, the health and economic consequences of COVID-19 coupled with racial tensions and climate change across the nation have exacerbated the rental supply and affordability crises, according to the recent 2020 State of the Nation’s...
Feature
October 29, 2020
HUD recently charged two separate sites with discriminating against families with children. In one case, a Rhode Island site owner steered fair housing testers claiming to have children away from the site [HUD v. Francis, FHEO No. 01-19-2644.8]. Another case involved owners in Wyoming imposing...
