Keeping It Straight
December 21, 2012
The “net rent” is the amount a low-income household is charged to live in its unit. The “gross rent” is the net rent plus the utility allowance for the unit plus any non-optional fees.
In the News
December 20, 2012
Recently, the Government Accountability Office (GAO) released a new report, “Agencies Implemented Changes Enacted in 2008, but Project Data Collection Could Be Improved.” GAO conducted the study in accordance with a congressional requirement in the Housing and Economic Recovery Act of...
Feature
November 27, 2012
Dealing with Households
November 27, 2012
At the beginning of every winter season, many site managers begin to worry about the possibility of being hit with slip-and-fall lawsuits filed by residents or guests. Although it’s inevitable that accidents will occur, the management can try to make the site as safe as possible for...
Dealing with Households
November 27, 2012
Compliance
November 27, 2012
To calculate household income at tax credit sites, you’re required to follow the rules set out in HUD Handbook 4350.3 (Occupancy Requirements of Subsidized Multifamily Housing Programs). But because the Handbook was written for assisted sites, applying it to a tax credit site can be a...
Feature
November 19, 2012
Finding enough qualified applicants to occupy your low-income units can be a tough task. And you’ll want to attract enough qualified applicants to be able to choose those who will respect your rules and pay the rent on time.
If you don’t find enough qualified applicants for your tax...
Feature
November 18, 2012
Getting top-quality renters through your tax credit site’s office door is tough. But dealing with their worries about living at a tax credit site is even tougher. Some applicants think twice about renting a unit at a tax credit site. They have preconceptions that the tax credit program...
Feature
November 17, 2012
The Internet has proven to be very beneficial for apartment communities, as it gives prospects the opportunity to shop for apartments 24 hours a day in the comfort of their homes. As prospects continue to do more of their research online, user review and ratings Web sites such as yelp.com and...
Dealing with Households
November 16, 2012
As you know, first impressions are lasting ones. In the apartment industry, first impressions can mean the difference between high turnover and high renewal rates. Industry studies show that residents typically make their renewal decisions within the first 48 hours of residing at a community, say...
