Feature Articles

Feature Articles



Q&A on Handling Disability Insurance Payments

June 24, 2021    

COVID-related illness has forced many people to tap short- or long-term disability insurance.

 

How to Avoid Discrimination Claims from LEP Individuals

June 24, 2021    

National origin discrimination often involves individuals with limited English proficiency (LEP).

 

The tax credit rules make clear that if any units at your site aren’t “for use by the general public,” those units aren’t eligible for tax credits. To...

How to Resolve Conflicts Between Tax Credit and HOME Program Requirements

May 27, 2021    

In April, the Biden administration submitted to Congress the president’s priorities for fiscal year 2022 discretionary spending. The request reveals the administration’s priorities with regard to affordable housing. Along with seeking a significant expansion of rental assistance, the...

Don't Count Unemployment Benefits and Child Tax Credit as Income

May 27, 2021    

HUD’s Office of Multifamily Housing Programs recently issued guidance regarding the treatment of unemployment benefits under the 2021 Consolidated Appropriations Act and the monthly child tax credit under the American Rescue Plan of 2021 (ARPA).

Legislative Momentum Builds for LIHTC Program Improvements

April 28, 2021    

Lawmakers recently reintroduced the latest reiteration of the Affordable Housing Credit Improvement Act (AHCIA) in the House and Senate with bipartisan support. The Senate and House versions of the AHCIA are identical companion bills. The AHCIA was first introduced in 2016, and its most recent...

HUD Issues 2021 Income Limits for Tax Credit Programs

April 28, 2021    

On April 1, HUD released the 2021 income limits for the Multifamily Tax Subsidy Projects (MTSP) housing programs. MTSPs, a term coined by HUD, are all Low-Income Housing Tax Credit projects under Section 42 of the Internal Revenue Code and multifamily projects funded by tax-exempt bonds under...

How to Avoid Fair Housing Trouble When Residents Use Wheelchairs

March 26, 2021    

We’ll answer seven FAQs to help you steer clear of discrimination claims.

 

When dealing with prospects and residents who use wheelchairs, it’s important to avoid violating the Fair Housing Act (FHA), which bans discrimination against people on the basis of...

IRS Helps First-Year Owners Avoid the Two-Thirds Rule

March 26, 2021    

In January, the IRS issued Notice 2021-12 granting relief for various LIHTC requirements. Among the relief provided, the notice extended the deadline for a LIHTC site to meet its first-year occupancy obligations from Dec. 31, 2020, to June 31, 2021, for sites operating on a calendar-year basis....

Emergency Rental Assistance Program: 2020 Act vs. 2021 Act

March 26, 2021    

On March 11, 2021, President Joe Biden signed the American Rescue Plan Act of 2021 into law. The $1.9 trillion COVID-19 relief bill, which passed in the U.S. Senate by a narrow 50-49 vote on March 6 and in the U.S. House of Representatives by a 220-211 vote on March 10, signifies the Biden...

Treasury Issues New Emergency Rental Assistance Guidance

February 26, 2021    

On Feb. 22, the Department of the Treasury released an updated FAQ to help states and communities quickly distribute more than $25 billion in emergency rental assistance to renters financially affected by the COVID-19 pandemic. The $25 billion for the Emergency Rental Assistance (ERA) program...

Texas Storm Recovery: How to Take Advantage of LIHTC Disaster Relief

February 26, 2021    

The recent winter storm that battered Texas left many of the state’s residents in dire situations. In the aftermath of the storm, a mass power outage left more than 4 million Texas residents in the dark and cold for days. And as power and heat was restored, the thawing ice exposed broken...

IRS Extends LIHTC Deadlines, COVID-Related Relief

January 28, 2021    

On Jan. 15, the IRS issued Notice 2021-12, which extends the temporary relief for qualified LIHTC sites from COVID-related difficulties. The notice also extends certain deadlines that were established in prior notices.