Feature
March 11, 2020
We’ll review the best practices for operating a housing site during a public health crisis.
Whether or not cases of COVID-19 have been confirmed in your area, you should review your site’s emergency response plans and update them accordingly as a precaution. Your efforts may not...
Income Calculations
March 11, 2020
On March 3, the Federal Reserve cut its federal funds rate by half a percentage point. It was the first rate cut in 2020 and came in response to the threat posed to the economy by the coronavirus.
When the Fed cuts interest rates, consumers usually earn less interest on their savings. Banks will...
Compliance
March 11, 2020
HUD recently issued new guidelines relating to assistance animals under the Fair Housing Act (FHA). Notice FHEO-2020-01, referred to as the “Assistance Animals Notice,” replaces prior HUD guidelines from 2013 and can be found at www.hud.gov/sites/dfiles/PA/documents/HUDAsstAnimalNC1-28-...
Feature
February 11, 2020
Residents or applicants may inform you that they need to have an aide live with them to help them with daily tasks. If a resident who is elderly or who has a disability asks you to allow her to have a live-in aide to accommodate her disability and to provide supportive services essential to her...
Dealing with Households
February 11, 2020
As part of its compliance monitoring responsibilities, a state housing agency must conduct on-site physical inspections and review low-income certifications and other documentation. The agency must perform these inspections and certification reviews at least once every three years after the initial...
Compliance
February 11, 2020
Every tax credit site must meet and maintain a minimum set-aside throughout a 15-year compliance period to qualify for the tax credit program. A minimum set-aside is the federally required minimum level of tax credit units at a site. To meet the set-aside, you must rent a certain percentage of the...
In the News
February 11, 2020
Harvard’s Joint Center for Housing Studies (JCHS) recently released its annual “America’s Rental Housing 2020” report. The new report shows that rental markets are still extremely tight despite slowing demand and the continued strength of new construction. The JCHS report...
In the News
February 11, 2020
Representative Earl Blumenauer, D-Ore., recently released a report entitled, “Locked Out: Reversing Federal Housing Failures and Unlocking Opportunity.” The report identifies the LIHTC program as the largest form of federal assistance to state and local governments in the form of a tax...
In the News
February 11, 2020
The House Ways and Means Committee recently held a hearing called “Paving the Way for Funding and Financing Infrastructure Investments.” The hearing was held the same day that House Democrats unveiled their outline for a $760 billion infrastructure package that includes LIHTC as a tool...
Feature
January 9, 2020
The minimum wage in more than 20 states and 26 cities and counties across America increased on Jan. 1, according to the National Employment Law Project (NELP). This affects more than half of the country’s population and marks the greatest jurisdictional raise in U.S. history. Of the states...
