Dos & Don'ts

Get Signed Agreement When Taking Deposits from Applicants

August 31, 2023    
Reduce the risk of a lawsuit based on an application misunderstanding.  
Q & A

Latest Civil Penalty Amounts for Fair Housing Violations

August 31, 2023    
Q I suspect that civil penalties for Fair Housing Act violations have gone up again this year. What are the new amounts and where I can find them?  
In the News

IRS Issues Final Rules on Bonus Tax Credits for Affordable Housing Sites

August 31, 2023    
The DOE will begin accepting applications for the Bonus Credit Program in early fall 2023.    
Feature

HUD Releases Final NSPIRE Scoring, Administrative Procedures Notices

July 28, 2023    
We highlight the noteworthy changes and clarifications in both notices.  
Dealing with Households

Add 10 Rules to Plug Loopholes in Your Pet Rules

July 28, 2023    
Almost every site that allows pets has a set of pet rules, usually in the form of a lease addendum that covers such issues as picking up pet waste, preventing nuisance problems, and keeping pets out of prohibited areas. But many pet rules don’t cover other important issues, such as a resident...
Dos & Don'ts

Don't Use ChatGPT for Marketing Purposes

July 28, 2023    
Like other real estate businesses, you may be using ChatGPT, Bard, Bing, and other generative AI products, a.k.a. chatbots, for marketing purposes, such as developing advertising strategies, analyzing housing markets, and generating property listings, ads, social media posts, and other marketing...
Dos & Don'ts

Consider Subsidy When Screening Section 8 Applicants

July 28, 2023    
Make sure you take into account the Section 8 subsidy in determining a Section 8 voucher holder’s ability to pay rent. If your site requires applicants to have a minimum income level, don’t let this policy improperly reject voucher holders who don’t meet your site’s minimum...
In the News

Report Grades State QAPs on Energy Efficiency, Racial Equity, Healthy Building Practices

July 28, 2023    
The BlueGreen Alliance Foundation recently released a report that ranked all states based on their criteria for allocating LIHTCs through Qualified Allocation Plans (QAPs). The report scored each state based on how the states’ QAPs promoted healthy building practices, energy efficiency, and...
Feature

HUD Releases Final NSPIRE Inspection Standards

June 28, 2023    
Notice marks first comprehensive overhaul of inspection standards in 20 years.  
Compliance

Get Extended Use Restriction Agreement Signed and Recorded

June 28, 2023    
If you don’t, the IRS may cite you for noncompliance, and the owner may lose its tax credits.