In the News
February 28, 2014
On Feb. 19, the National Housing Conference’s Center for Housing Policy released its annual Housing Landscape report entitled, “The Housing Affordability Challenges of America’s Working Households.” In summarizing the affordable housing challenges of low- and moderate-income...
In the News
February 28, 2014
Colorado State Representative Crisanta Duran (D-District 5) and State Senator Jessie Ulilbarri (D-District 21) recently introduced HB-1017, which proposes to renew Colorado’s State Low Income Housing Tax Credit program. Colorado previously had a State Housing Credit in 2001 and 2002. The...
Feature
January 31, 2014
Every manager’s worst nightmare is a violent crime against a resident at his tax credit site. And compounding the tragedy of the crime is the risk of liability. You could be held liable for the crime if you knew your residents were at risk of that type of crime. In legal terms, the crime...
Compliance
January 31, 2014
If applicants fail to meet your tax credit site’s eligibility requirements or if they can’t pass your site’s screening criteria, you don’t want them arguing with you over the rejection, or worse, filing a fair housing complaint. But that can happen if you leave it to your...
Dealing with the IRS
January 31, 2014
HUD posted Change 4 to HUD Handbook 4350.3, REV-1, “Occupancy Requirements of Subsidized Multifamily Housing Programs,” in August 2013. Change 4 was the first formal change to the Handbook since 2009. And every chapter of the Handbook other than Chapter 2 was affected by Change 4....
In the News
January 31, 2014
HUD recently issued a notice requesting public comment on its efforts to establish a baseline assessment of the renewable energy capacity in HUD’s public housing and federally assisted multifamily housing portfolios. The assessment will support President Obama's Climate Action Plan, which...
Feature
December 12, 2013
It’s common to hire new employees who may have some experience in conventional site management, but no experience in tax credit site management. Because the tax credit program is complicated, you can’t expect these new employees to learn all the rules overnight. But until they get tax...
Dealing with Owners
December 12, 2013
When you start managing a tax credit site, you’ll need to get certain information from the owner to manage the site effectively. Getting this information before renting units to qualified low-income households is essential. Without it, you won’t know what’s required to keep your...
Compliance
December 12, 2013
As we wind down 2013 and prepare for a new year, the Insider looks back and reviews the major events and changes that affected the low-income housing tax credit (LIHTC) industry:
In the News
December 12, 2013
“The simple fact is we are in the midst of the worst rental affordability crisis that this country has known," HUD Secretary Donovan said at a recent housing conference.
This statement coincided with the release of a report entitled "America's Rental Housing: Evolving Markets...