Feature

Is Your Site Prepared for a Possible COVID-19 Pandemic?

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

Use Same HUD Passbook Savings Rate Despite Fed Rate Cut

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

HUD's New Guidance on Assistance Animals: What You Need to Know

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

Follow Six Dos & Don'ts to Avoid Problems with Live-In Aides

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

Get Right to Enter Residents’ Units with Government Inspectors

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

IRS Clarifies Income Limits for Average-Income Set-Aside Option

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

Report Finds Tight Rental Markets, Rising Cost-Burdened Households

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

Congressman’s Report Calls for Increased LIHTC Allocation

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

House Committee Discusses LIHTC as Infrastructure Investment

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

Accounting for 2020 Minimum Wage Hikes When Calculating Household Income

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...