In the News
February 26, 2016
On Feb. 12, Democratic presidential candidate and former Secretary of State Hillary Clinton released her “Breaking Every Barrier Agenda,” an economic plan that includes several proposals to address the affordable rental housing crisis.
Feature
January 29, 2016
To help the owner of your site determine how many credits it may claim for a building, you must first calculate an “applicable fraction” for each month of the first year of the building’s compliance period. The applicable fraction is the percentage of a building dedicated to low-...
Dealing with Households
January 29, 2016
Unauthorized occupants can cause a host of problems at your community. Relatives or acquaintances of residents who move in without management’s knowledge are often the source of a site’s crime problems. Also, if an unauthorized occupant does something wrong at your community, such as...
In the News
January 29, 2016
HUD recently issued notice 2016-01 announcing the passbook savings rate used to determine annual income from net family assets. It will become effective Feb. 1, 2016. In addition to HUD programs, the imputed interest rate is also used to calculate annual income at LIHTC sites when a family has net...
In the News
January 29, 2016
In anticipation of funding from the National Housing Trust Fund (HTF) this year, housing agencies have been developing allocation plans and seeking input from constituents. The HTF is the newest source of affordable housing funding. It is a new rental housing program for extremely low- and very low...
In the News
January 29, 2016
According to a report entitled “Budget and Economic Outlook: 2016 to 2026” by the Congressional Budget Office (CBO), in 2016, the federal budget deficit will increase, in relation to the size of the economy, for the first time since 2009.
In the News
January 29, 2016
The Federal Housing Finance Agency (FHFA) recently released its proposed “Duty to Serve” rule, which would require the Government-Sponsored Enterprises (GSEs) Fannie Mae and Freddie Mac to support housing for lower income families in three underserved segments of the housing finance...
Feature
December 22, 2015
There’s more at stake when you approve applicants for units in tax credit buildings than when you approve applicants for other assisted sites. That’s because a move-in mistake on a tax credit site can result in an immediate loss of tax credit dollars for owners, possibly jeopardizing...
Dealing with Employees
December 22, 2015
Suppose a resident’s unit is burglarized or a site visitor falls when a stairway handrail becomes loose or something happens at your site which causes property loss or bodily injury. Are you certain your employees let you know about certain incidents like these as soon as they happen? If they...
In the News
December 22, 2015
Congress has passed and the president, on Dec. 18, signed the Protecting Americans from Tax Hikes (PATH) Act of 2016. The legislation makes permanent the minimum 9 percent low-income housing tax credit (LIHTC) applicable percentage or rate for federally unsubsidized developments. This doesn’t...
