Feature Articles

Feature Articles



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.

How to Tap Funds in the Emergency Rental Assistance Program

January 28, 2021    

We explain how renters and owners can access the $25 billion assistance to cover past-due rents.

 

On Dec. 27, 2020, the Consolidated Appropriations Act, the year-end omnibus legislation that includes appropriations for all federal departments and agencies, tax provisions,...

Second-Draw PPP Loans: Do You Qualify?

January 28, 2021    

If so, act fast.

 

The Coronavirus Aid, Relief, and Economic Security (CARES) Act established the Paycheck Protection Program (PPP) to help businesses keep their workforce employed during the pandemic. PPP loans were intended to cover payroll expenses, as well as...

Resolve to Continue Pandemic Best Practices in 2021

December 23, 2020    

Don’t relax your COVID protocols too soon.

 

Although the vaccine rollouts have begun with health care workers and residents of long-term care facilities, normal operations for LIHTC sites are still a ways away. The current level of vaccine distribution won’t be...

Year-End Stimulus Gives Boost to LIHTC Development, Struggling Renters

December 23, 2020    

Congressional negotiators recently struck a deal on a bipartisan year-end legislative package, which includes a change that has been advocated by LIHTC proponents for a long time. In the proposed $900 billion federal relief package, lawmakers proposed a floor rate of 4 percent, separating the...

Quiz: Calculating Income & Applying Income Limits

December 23, 2020    

Here are four questions that test your knowledge—and that of your staff—on calculating annual income and applying correct income limits to applicant households. The answers, along with explanations, follow the quiz. Special thanks to tax credit consultant Karen Graham of Karen A...

The Average Income Minimum Set-Aside Election: Understanding the Proposed Regs

November 24, 2020    

The new option would allow for deeper income targeting and could help your bottom line.

 

Industry Group Asks IRS to Extend LIHTC COVID-19 Relief

November 24, 2020    

The National Council of State Housing Agencies (NCSHA) recently sent the IRS and the Treasury Department a letter urging them to extend the temporary Housing Credit relief provided by IRS Notice 2020-53 and to make other necessary program accommodations in light of the continuing disruption of...

Perform Cost Analysis to Cut Maintenance Expenses

November 24, 2020    

If your site needs non-routine maintenance and repair work, you must decide between either using your own staff or hiring outside contractors. Some managers think that it’s always cheaper to use their site staff, but that’s not necessarily so. There are costs associated with using...

4 Dos & Don’ts for Dealing with Families with Children

October 29, 2020    

HUD recently charged two separate sites with discriminating against families with children. In one case, a Rhode Island site owner steered fair housing testers claiming to have children away from the site [HUD v. Francis, FHEO No. 01-19-2644.8]. Another case involved owners in Wyoming imposing...