In the News
January 31, 2024
The Federal Housing Finance Agency (FHFA) recently released a summary of responses it received after issuing a Request for Input (RFI) on how the agency could create and enforce renter protections for households living in rental properties with federally backed mortgages, namely through Fannie Mae...
In the News
January 31, 2024
A record-high 22.4M renters spent more than 30% of their income on rent and utilities.
Feature
December 21, 2023
We give you 6 guidelines to follow.
A definite plan to deal with potential disasters at your site is an important element of providing a safe environment for your staff and residents. The U.S. is experiencing more frequent and intense weather- and climate-related hazards such as...
Dealing with Households
December 21, 2023
We give you answers to four frequently asked questions.
Fentanyl and other opioids are fueling the worst drug crisis in the history of the United States. According to CDC drug overdose data, drug overdose deaths in the United States, driven by illicit fentanyl and other opioids,...
Income Calculations
December 21, 2023
The IRS recently issued Notice 24-08, which contains the 2024 standard mileage rates used to calculate the deductible costs of operating an automobile for business, charitable, medical, or moving purposes.
With the recent notice, the 2024 business standard mileage rate is increasing to 67 cents, up...
In the News
December 21, 2023
The IRS doesn’t have the resources to collect detailed LIHTC cost information.
The U.S. Government Accountability Office (GAO) recently issued a brief report entitled, “Low-Income Housing Tax Credit: Opportunities to Improve Oversight.” The report highlights the fact...
Feature
November 29, 2023
Prepare for how these annual changes will affect income, asset, and eligibility determinations.
Low-income housing tax credit law requires site owners to use HUD’s Section 8 rules regarding income calculations. According to Treasury Regulations §1.42-5(b)(1)(vii), “...
Compliance
November 29, 2023
Use the checklist to prepare your site for inspection under NSPIRE.
Dealing with State Housing Agency
November 29, 2023
The prior version was released in 2017.
The National Council of State Housing Agencies (NCSHA) represents the state-level allocating agencies that administer the LIHTC program. From the early days of the program, NCSHA has maintained “Recommended Practices for Housing Credit...
In the News
November 29, 2023
To investigate whether screening policies are discriminatory, HUD wants agencies to use testers with actual criminal backgrounds.
