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...
In the News
October 29, 2015
The IRS recently released Revenue Procedure 2015-53, which outlines the inflation adjustments for nearly 50 federal tax provisions, including the amount of Low Income Housing Tax Credit (Housing Credit) authority each state will receive. Under the new guidelines, each state will be allocated $2.35...
In the News
October 29, 2015
Recently, the J. Ronald Terwilliger Foundation for Housing America’s Families hosted the New Hampshire Housing Summit and invited presidential candidates to address an audience of about 200 housing industry officials. Seven presidential candidates individually discussed how they would address...
In the News
October 29, 2015
On Oct. 21, HUD announced a proposed rule that would formalize the standards for evaluating harassment claims in housing or housing-related transactions under the Fair Housing Act. According to HUD, sexual harassment is the most common type of harassment complaint it receives. Harassment in housing...
Feature
September 30, 2015
When certifying and recertifying low-income households at your tax credit site, you may encounter situations that require you to use special forms to get more information about household income. Sometimes, you’ll need to get household members to complete and sign these forms. At other times,...
Compliance
September 30, 2015
The Fair Housing Act (FHA) prohibits discrimination against persons with disabilities. The law broadly defines “disability” as a physical or mental impairment that substantially limits one or more major life activities. And fair housing law classifies hearing impairments as disabilities...
In the News
September 30, 2015
National accounting firm CohnReznick has spearheaded an effort to bring together independent state housing associations. The Council of Independent State Housing Associations (CISHA) will, for the first time, formally connect representatives of affordable housing associations with one another in...
