Feature Articles

Feature Articles



How to Avoid Discrimination When Using AI in Tenant Screening

May 29, 2024    

HUD warns against artificial intelligence-based housing discrimination.

 

The use of artificial intelligence (AI) technologies in the multifamily industry has been raising red flags. As an increasing number of tenant screening companies claim to use AI to detect “...

HUD to Propose Changes to HOME Program Regulations

May 29, 2024    

We review the proposed expansion of tenant rights and protections.

 

 

Funds from the HOME program and LIHTCs are often used together to finance affordable rental housing sites. To establish affordable rents in many markets, a site’s rents may not be enough...

Avoid Complaints, Violations by Preparing Your A/C System for Summer

April 30, 2024    

Broken air conditioners are a red flag to NSPIRE inspectors.

 

 

Keeping your residents cool and comfortable in the summer should be one of your top priorities. If summer hits before you’re prepared and your air-conditioning system breaks down, you risk...

HUD Issues 2024 Income Limits, Announces New Cap on Annual Increases

April 30, 2024    

You must implement the new limits no later than May 16, 2024.

 

 

Avoid 7 Pitfalls When Responding to a Fair Housing Complaint

March 29, 2024    

This year marks the 56th anniversary of the Fair Housing Act (FHA), enacted by Congress on April 11, 1968. The FHA has been amended several times and now prohibits housing discrimination based on race, color national origin, religion, sex (including gender identity and sexual orientation),...

How HOTMA May Affect Your State Agency’s Verification Standards

March 29, 2024    

As a LIHTC site owner or manager, it’s important to be aware of Housing Opportunity Through Modernization Act (HOTMA) provisions since the legislation deals with reforms to the Section 8 Housing Choice Voucher program. And although the HOTMA legislative text or HUD regulations concerning...

HUD Updates List of Federally Mandated Income Exclusions

February 26, 2024    

Four new types of income will no longer impact eligibility calculations.

 

 

Specific sources of income are excluded by federal statute from consideration as income for purposes of determining eligibility for, or benefits in, a HUD program. By extension, these...

IRS Releases Updated 8823 Guide

February 26, 2024    

Minor changes may indicate more significant updates to come.

 

 

The IRS recently issued updated guidance for completing Form 8823, the form used by state and local LIHTC agencies to notify the IRS in the event of noncompliance or building disposition. The Guide...

HUD Aims to Revise Income Limit Calculations

January 31, 2024    

Income limit increases will be capped at 10%.

 

 

On Jan. 10, HUD published a notice on changes the agency is intending to make to the methodology used for calculating Section 8 income limits. HUD publishes these income limits each year based on changes to each...

Inspect Interior Common Areas Periodically for Potential Hazards

January 31, 2024    

As a site owner or manager, it’s a good idea to check the interior common areas of your tax credit site regularly for safety hazards. If you find problems, you must immediately correct them, or risk legal liability for any potential injuries to residents, their guests, or visitors to the...

Create Disaster Preparedness Plan to Protect Site, Residents

December 21, 2023    

We give you 6 guidelines to follow.

 

 

A definite plan to deal with potential disasters at your site is an important element of providing a safe environment for your staff and residents. The U.S. is experiencing more frequent and intense weather- and climate-...

IRS Increases Standard Mileage Rates for 2024

December 21, 2023    

The IRS recently issued Notice 24-08, which contains the 2024 standard mileage rates used to calculate the deductible costs of operating an automobile for business, charitable, medical, or moving purposes.

With the recent notice, the 2024 business standard mileage rate is increasing to 67...