Feature

How to Avoid Fair Housing Trouble When Residents Use Wheelchairs

March 26, 2021    
We’ll answer seven FAQs to help you steer clear of discrimination claims.   When dealing with prospects and residents who use wheelchairs, it’s important to avoid violating the Fair Housing Act (FHA), which bans discrimination against people on the basis of disability, including...
Compliance

IRS Helps First-Year Owners Avoid the Two-Thirds Rule

March 26, 2021    
In January, the IRS issued Notice 2021-12 granting relief for various LIHTC requirements. Among the relief provided, the notice extended the deadline for a LIHTC site to meet its first-year occupancy obligations from Dec. 31, 2020, to June 31, 2021, for sites operating on a calendar-year basis. On...
Rents

Emergency Rental Assistance Program: 2020 Act vs. 2021 Act

March 26, 2021    
On March 11, 2021, President Joe Biden signed the American Rescue Plan Act of 2021 into law. The $1.9 trillion COVID-19 relief bill, which passed in the U.S. Senate by a narrow 50-49 vote on March 6 and in the U.S. House of Representatives by a 220-211 vote on March 10, signifies the Biden...
In the News

Alaska Supreme Court Rules on Owner’s Extended Use Commitment

March 26, 2021    
In a recent case from Alaska, an LIHTC site owner tried to exercise an option to be able to exit the affordability restrictions put in place by the extended use agreement. There are two ways an owner can escape extended use commitments, but the court ruled that neither applied here. In applying for...
Dealing with Households

Are Your Residents Eligible for the FCC’s Emergency Broadband Benefit?

March 26, 2021    
High-speed Internet at home has become essential for school, work, and many other areas of life during the pandemic. Some of your households may be struggling to afford an Internet connection. In an April Pew Research survey of American parents with children attending school remotely, 36 percent of...
Feature

Treasury Issues New Emergency Rental Assistance Guidance

February 26, 2021    
On Feb. 22, the Department of the Treasury released an updated FAQ to help states and communities quickly distribute more than $25 billion in emergency rental assistance to renters financially affected by the COVID-19 pandemic. The $25 billion for the Emergency Rental Assistance (ERA) program was...
In the News

Research Supports a Flexible Emergency Rental Assistance Program

February 26, 2021    
A recent study sought to glean lessons from the state and local rental assistance programs launched in 2020 before the emergency rental assistance programs funded by the coronavirus relief package signed into law on Dec. 27, 2020 ramps up. The difficult task of administering these funds will fall...
Compliance

Texas Storm Recovery: How to Take Advantage of LIHTC Disaster Relief

February 26, 2021    
The recent winter storm that battered Texas left many of the state’s residents in dire situations. In the aftermath of the storm, a mass power outage left more than 4 million Texas residents in the dark and cold for days. And as power and heat was restored, the thawing ice exposed broken...
Dealing with HUD

HUD to Fight Discrimination Based on Sexual Orientation and Gender Identity

February 26, 2021    
On Jan. 20, President Biden issued Executive Order 13988, titled “Preventing and Combating Discrimination on the Basis of Gender Identity or Sexual Orientation.” The order directed executive branch agencies to examine further steps that could be taken to combat such discrimination. HUD...
Feature

IRS Extends LIHTC Deadlines, COVID-Related Relief

January 28, 2021    
On Jan. 15, the IRS issued Notice 2021-12, which extends the temporary relief for qualified LIHTC sites from COVID-related difficulties. The notice also extends certain deadlines that were established in prior notices.