In the News
December 22, 2015
Feature
November 30, 2015
Creating a resident selection plan is a good idea for any type of site you might manage, including a tax credit site. Although the tax credit program doesn’t require written resident selection plans, creating one can help you process applications more effectively, educate your prospects about...
Maintenance
November 30, 2015
If your site utilizes heating oil as a fuel for furnaces or boilers at its buildings, you should take steps to ensure that you aren’t paying for more oil than is being delivered to your site. Unscrupulous oil companies can trick owners about the amount of fuel that’s delivered to a...
In the News
November 30, 2015
HUD recently published a notice designating difficult development areas (DDAs) and qualified census tracts (QCTs) for 2016. A DDA for the LIHTC program is an area designated by HUD with high construction, land, and utility costs relative to its area median gross income (AMGI). DDAs are eligible for...
In the News
November 30, 2015
The National Association of Home Builders (NAHB) recently released an analysis of how many people have benefitted from the LIHTC program since it was created in 1986. According to the NAHB, approximately 6.5 million low-income households, or roughly 13.3 million people, have lived in affordable...
In the News
November 30, 2015
A 2015 study published in Urban Studies by researchers at Texas A&M University, titled “Unpacking the impacts of the Low-Income Housing Tax Credit program on nearby property values,” questions the perception of affordable, subsidized housing driving down housing prices in...
Feature
November 17, 2015
In a proposed rule revealed on Nov. 12, the Department of Housing and Urban Development would require more than 3,100 public housing agencies overseeing 1.2 million units of public housing to go smoke-free within several years. The agencies would have to design policies prohibiting lighted tobacco...
Feature
October 29, 2015
Each time you manage a new tax credit site, you start with unoccupied units that you must rent to the right mix of households. And when households later vacate their units, some units may stay unoccupied for a while. Having these unoccupied units at your site can raise compliance issues. If you...
Compliance
October 29, 2015
One of the biggest concerns owners and managers face is housing tax credit recapture. Under Section 42 of the Internal Revenue Code, low-income housing tax credits are allocated to a site annually over a 10-year period. But these tax credits are subject to a 15-year compliance period. This means,...
Maintenance
October 29, 2015
You and your maintenance staff have different issues to tackle during each season of the year. In the fall, most sites need to prepare for winter. But because some of the things that should be on your “to do” list for fall haven’t been done in an entire year, it’s easy to...
