Feature Articles

Feature Articles



Accounting for 2020 Minimum Wage Hikes When Calculating Household Income

January 9, 2020    

The minimum wage in more than 20 states and 26 cities and counties across America increased on Jan. 1, according to the National Employment Law Project (NELP). This affects more than half of the country’s population and marks the greatest jurisdictional raise in U.S. history. Of the states...

Follow Six Dos & Don’ts When Dealing with Section 8 Applicants and Residents

December 23, 2019    

The Section 8 Housing Choice Voucher program is the federal government’s major program for helping very low-income families, the elderly, and the disabled afford decent, safe, and sanitary housing in the private market. Since housing assistance is provided on behalf of the family or...

How the Gross Rent Floor Election Protects Rent from Falling Income Limits

December 4, 2019    

To calculate the rent for your low-income units, you use HUD income limits. These are the same limits you use to determine whether households are qualified. The limits you use depend on the geographic location of your building and the percentage of area median gross income (AMGI) the owner and...

Beyond Lead-Free: How to Use Safe Painting Practices at Your Site

November 13, 2019    

By Carolyn Zezima, Esq.

How to Verify Alimony or Child Support Amount—and Reasonable Efforts to Collect

October 30, 2019    

When certifying or recertifying households, you may encounter household members who get alimony or child support from ex-spouses or their children’s parents. Or it may be the case that a household member pays alimony or child support to someone else. Or a household member receives none or...

Visit Online Fair Housing Resources to Get Help with Compliance

October 30, 2019    

Fair housing compliance is key to successful tax credit management. Here are five online resources for you to check out. Each site offers a product, service, or activity that can help you better understand what you must do to avoid illegally discriminating against applicants and residents at...

SSA Announces 2020 COLA Increase of 1.6 Percent

October 30, 2019    

On Oct. 10, the Social Security Administration announced that the Social Security and Supplemental Security Income (SSI) benefits will increase 1.6 percent in 2020. The 1.6 percent cost-of-living adjustment (COLA) will begin with benefits payable to more than 63 million Social Security...

How to Calculate Correct Income for Adults and Dependents

September 25, 2019    

How you calculate the income of a low-income household member depends on whether that member is an “adult” or a “dependent,” as defined by HUD. But the difference between the two isn’t as obvious as you might think. The HUD Handbook specifically defines these terms...

Five Tips for Writing Effective Emergency/Disaster Plan

September 25, 2019    

National Preparedness Month is recognized each September to promote family and community disaster and emergency planning now and throughout the year. Preparing for natural disasters can greatly reduce the risks to health and the environment. Hurricanes or floods can contaminate drinking water...

How to Improve Compliance with UPCS Physical Inspection Standards

August 29, 2019    

The IRS requires your state or local housing credit agency to perform physical inspections of sites awarded LIHTCs. The agencies want to ensure the sites are in a safe, decent, sanitary condition and in good repair. Specifically, Section 42 of the IRS code requires state housing agencies to...

Ask Nine Questions When Taking Over Tax Credit Site Management

July 24, 2019    

Taking over the management of a tax credit site in the middle of its compliance period can be tricky. That’s because the owner or former manager has important information you need to know to manage the site effectively, and you must ask the owner or former manager the right questions to...

IRS Issues Memo on Eligible Basis Reduction Due to Common Area Noncompliance

July 24, 2019    

The IRS Office of Chief Counsel recently issued a memorandum addressing noncompliance of common areas in LIHTC sites. The memo was issued in response to a clarification request by an IRS Program Manager for Technical Issues. The memo states that its advice may not be used or cited as precedent,...