Feature

Perform End-of-Year Review to Verify Compliance

November 30, 2017    
As the holiday season approaches, we know that audit season isn’t far behind. Taking steps now to review management practices, household files, and preparing annual forms will help ensure a strong start to the upcoming year and an efficient audit process. The following is a list of year-end...
Maintenance

Use Inspection Checklist to Reduce Risk of Preventable Fires

November 30, 2017    
Although you may not be able to prevent many resident-caused fires, other types of apartment community fires are easily preventable. Owners or their maintenance staff should conduct monthly fire inspections of areas and items that are potential fire hazards. If your maintenance staff conducts such...
Related Tools: Fire Inspection Checklist
In the News

Senate Tax Bill Measure Preserves LIHTC, Private Activity Bonds

November 30, 2017    
Since the publication of the Insider’s Special Issue detailing the House of Representatives’ tax reform bill, the House passed its version of tax reform legislation, the Tax Cuts and Jobs Act, H.R. 1, with a vote of 227 to 205. The Tax Cut and Jobs Act eliminates the tax exemption for...
In the News

House Passes Flood Reform Act Legislation

November 30, 2017    
The U.S. House of Representatives recently passed legislation to renew and reform the National Flood Insurance Program (NFIP). The NFIP’s authorization is set to expire on Dec. 9. During debate on the House floor, several Republicans expressed concerned that the bill would impose steep NFIP...
In the News

Fannie Mae and Freddie Mac to Reenter the LIHTC Market

November 30, 2017    
The Federal Housing Finance Agency (FHFA) recently announced that Fannie Mae and Freddie Mac, the government-sponsored enterprises (GSEs), will be allowed limited re-entry into the LIHTC market as equity investors, effective immediately. The GSEs have been absent from the LIHTC market since...
In the News

Research Links LIHTC Program to Improved Health Outcomes

November 30, 2017    
Evidence is building that housing affordability, the neighborhood’s environment, and conditions within the home are all important determinants of health, according to an op-ed published in the Economist Group’s Roll Call publication by Anand Parekh, M.D., chief medical adviser at the...
Feature

House GOP Tax Reform Bill Retains LIHTC, Repeals Multifamily Housing Bonds

November 13, 2017    
On Nov. 2, House Republicans unveiled a sweeping tax reform legislation called the Tax Cuts and Jobs Act (H.R. 1). It was introduced by Ways and Means Committee Chairman Kevin Brady. Although its provisions are generally in line with the House Republican Blueprint for Tax Reform released in June...
In the News

Study Says House Tax Plan Negatively Impacts Affordable Housing in NY

November 13, 2017    
The Tax Cuts and Jobs Act (H.R. 1), which proposes the elimination of Private Activity Bonds, would cost the State of New York $4.5 billion in affordable housing investment annually, and 17,000 fewer affordable units would be built each year, according to an impact analysis recently released by the...
In the News

California Treasurer Highlights House Tax Plan’s Devastating Impact on Low-Income Housing

November 13, 2017    
In a letter sent to the California Congressional delegation, California State Treasurer John Chiang urged the delegation to preserve funding for LIHTC and the Private Activity Bond programs. He pointed out the vital role these programs play in building and preserving affordable housing throughout...
Compliance

Keep Good Marketing Records to Prove Compliance, Protect Against Liability

November 13, 2017    
In the November 2017 issue of the Insider, we discussed the vacant unit rule and its requirement to make reasonable attempts to rent vacant units (see “Follow Five Dos & Don'ts to Comply with the Vacant Unit Rule).” Beyond showing compliance with the vacant unit rule, there are...
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