Dealing With...

How to Encourage Resident Cooperation with Recertification Requirements

February 27, 2017    

IRS regulations don’t require annual certifications for properties that are 100 percent tax credit. However, for mixed-income sites, recertifications serve an important function. Annual certifications ensure affordable housing units are occupied by income-eligible households, and provide a...

IRS Clarifies Local Approval and Preference Regarding LIHTC Developments

December 21, 2016    

The IRS recently issued guidance on LIHTC developments and their compliance with fair housing rules at the local level. Notice 2016-77 relates to allocations of housing credits to projects located in a qualified census tract. A qualified census tract (QCT) is a geographic area defined by the...

How to Conduct Effective Recertification Meetings for Mixed-Use Sites

October 20, 2016    

The Housing and Economic Recovery Act of 2008 (HERA) eliminated the annual income recertification requirement for 100 percent buildings. Each state agency, however, may opt to tighten the rule and impose its own recertification requirements. For mixed-use tax credit sites, owners are required to...

Provide Appropriate Reports to Get Police to Respond Effectively to Drug Activity

June 30, 2016    

During the summer months, you may notice an increase in drug activity at your site. Unemployed youth are out of school with more time to be idle. And if a significant percentage of your households consist of single parents who are working multiple jobs with kids being raised by themselves, your...

What Inspectors Can and Cannot Do During REAC Inspections

May 31, 2016    

IRS Revenue Procedure 2016-15 provides that the REAC protocol is among the inspection protocols that satisfy both Section 1.42-5(d) and the physical inspection requirements of Section 1.42-5T(c)(2)(ii) and (iii). According to Revenue Procedure 2016-15, one of the qualifications for an inspection...

How to Decide Whether Requirements Belong in Leases or Site Rules

April 27, 2016    

Like most tax credit sites, you probably include some residency requirements in your leases and some in your site or community rules. But if you include a requirement in the wrong place, you could create confusion and face enforcement problems, liability, and loss of revenue, says Ohio attorney...

IRS Amends State Agencies' Compliance-Monitoring Requirements

February 26, 2016    

The IRS recently issued final and temporary regulations relating to LIHTC compliance monitoring. The temporary regulations expire Feb. 22, 2019. The amendments revise and clarify the requirement to conduct physical inspections and review low-income certifications and other documentation.

Train Staff on How to Root Out Unauthorized Occupants

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...

Avoid Insurance Coverage Disputes with Incident Reporting Procedure

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...

Hold Keys Until New Resident Turns on Utilities, Puts Name on Account

August 31, 2015    

When a new resident moves into a unit at your tax credit site, it’s important to make sure that he either turns on utilities, such as gas and electric, or, if the utilities were left on, transfers the account to his name. That’s because if new residents don’t transfer utilities...

Supreme Court Rules FHA Encompasses Disparate Impact Claims

July 22, 2015    

On June 25, the U.S. Supreme Court held in Texas Department of Housing and Community Affairs v. Inclusive Communities Project, Inc. that a state’s “Qualified Allocation Plan” (QAP) implemented by an allocating agency violates the Fair Housing Act if it “...

How to Minimize Resident Complaints During Renovations

June 26, 2015    

Depending on where your site is locations and the local climate, the summer months may be the optimal time to perform upgrades and renovations at your site, especially if outdoor works is involved. Contractors may be more willing to work during the summer, and there may be greater availability...