Feature Articles

Feature Articles



3 Marketing Practices to Help Your Site Expand Its Applicant Pool

April 28, 2022    

LIHTC site owners and managers know that to comply with the vacant unit rule, you must make “reasonable attempts” to rent vacant units to qualified low-income households. The tax credit program’s vacant unit rule allows you to claim credits for tax credit units even if they...

HUD Issues 2022 Income Limits for Tax Credit Programs

April 28, 2022    

On April 18, HUD released the 2022 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...

4 Tips for Complying with the Asset Disposition Rule

April 28, 2022    

When interviewing households at certifications or recertifications, residents are required to report all income from all sources to the owner or manager. One component of annual income is any income the household’s assets generate. And sometimes, households may dispose of assets for less...

How to Comply with the Latest Housing Provisions in VAWA 2022

March 31, 2022    

On March 16, President Biden signed into law the latest reauthorization of the Violence Against Women Act (VAWA), a 1994 law that provides resources for survivors and prevention of gender-based, domestic, and sexual violence. VAWA’s renewal took on added urgency because of an alarming...

How to Respond to Sexual and Other Discriminatory Harassment Complaints

March 31, 2022    

Sexual harassment in housing is illegal, as is harassment based on race, color, religion, national origin, familial status, or disability. The Fair Housing Act prohibits harassment, retaliation, and other types of discrimination based on these protected characteristics.

Treasury Report Finds IRS's LIHTC Program Oversight Can Be Improved

February 25, 2022    

The Treasury Inspector General for Tax Administration (TIGTA) recently released a report on IRS oversight of the LIHTC program. The previous Chairman of the Senate Budget Committee, Michael Enzi (R-WY), requested the audit to obtain information about the LIHTC program as part of the committee...

Keep Log of Door and Lock Repairs to Boost Safety, Reduce Liability

February 25, 2022    

If a staff member or resident reports that a door or lock at a building or unit entrance is broken, you may think you can wait until morning or even a few days to repair this condition. But that would be a mistake. Any delay leaves residents at risk and increases the likelihood of your being...

IRS Brings Back Temporary COVID-19 Compliance Relief

January 31, 2022    

On Jan. 11, the IRS issued guidance extending LIHTC program deadlines and providing other compliance accommodations due to the COVID-19 pandemic [IRS Notice 2022-05]. Since the last extension deadline lapsed, industry groups have asked the IRS to extend compliance deadlines for LIHTC sites. The...

How to Track Verifications for Certifications, Recertifications

January 31, 2022    

In dealing with the constraints imposed by the pandemic, many state housing agencies have successfully transitioned to virtual household file reviews. The IRS’ recent notice reflects this reality in splitting compliance-monitoring requirements for household file reviews from the...

Apply IRS Mileage Rate When Deducting Business Driving Expenses

January 31, 2022    

On Dec. 17, 2021, the IRS issued Notice 22-03, which contains the 2022 standard mileage rates used to calculate the deductible costs of operating an automobile for business, charitable, medical, or moving purposes. The agency said it rates the standard mileage for business use based on an annual...

Use Orientation Letter to Improve New Households’ Lease Compliance

December 28, 2021    

The alarming rise of the Omicron variant may have postponed your site’s return to normal operations regarding welcoming and informing new households of site rules and certain obligations imposed by the tax credit program. In pre-pandemic times, sites may have held new household orientation...

How to Avoid 3 Tax Credit Problems with Granting Unit Transfer Requests

December 28, 2021    

Households may seek to transfer to different units at a site for various valid reasons. There may be a change in household composition. A household may seek a unit with additional bedrooms due to additional members joining the household. Or a member with a disability may seek a transfer because...