Feature Articles

Feature Articles



Is Your Site Prepared for a Possible COVID-19 Pandemic?

March 11, 2020    

We’ll review the best practices for operating a housing site during a public health crisis.

 

Whether or not cases of COVID-19 have been confirmed in your area, you should review your site’s emergency response plans and update them accordingly as a precaution....

Use Same HUD Passbook Savings Rate Despite Fed Rate Cut

March 11, 2020    

On March 3, the Federal Reserve cut its federal funds rate by half a percentage point. It was the first rate cut in 2020 and came in response to the threat posed to the economy by the coronavirus.

When the Fed cuts interest rates, consumers usually earn less interest on their savings....

HUD's New Guidance on Assistance Animals: What You Need to Know

March 11, 2020    

HUD recently issued new guidelines relating to assistance animals under the Fair Housing Act (FHA). Notice FHEO-2020-01, referred to as the “Assistance Animals Notice,” replaces prior HUD guidelines from 2013 and can be found at...

Follow Six Dos & Don'ts to Avoid Problems with Live-In Aides

February 11, 2020    

Residents or applicants may inform you that they need to have an aide live with them to help them with daily tasks. If a resident who is elderly or who has a disability asks you to allow her to have a live-in aide to accommodate her disability and to provide supportive services essential to her...

IRS Clarifies Income Limits for Average-Income Set-Aside Option

February 11, 2020    

Every tax credit site must meet and maintain a minimum set-aside throughout a 15-year compliance period to qualify for the tax credit program. A minimum set-aside is the federally required minimum level of tax credit units at a site. To meet the set-aside, you must rent a certain percentage of...

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...