Feature Articles

Feature Articles



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,...

How to Verify Student Status of Household Members

June 27, 2019    

To comply with tax credit rules, you must verify the student status of each household member who says he or she is a student. That’s because tax credit rules bar households composed entirely of full-time students. And if the student is a member of a household that’s not barred for...

Send Notices to Remind Households to Report for Recertification

May 30, 2019    

Each year, if you manage a mixed-income site, you have the time-consuming job of recertifying tax credit households. But some households make the process more burdensome for you by failing to show up for a recertification meeting. If household members don’t report to a meeting until...

The Impact of Opportunity Zones on Tax Credit Housing Development

May 16, 2019    

The federal Opportunity Zone program has generated a lot of excitement among investors and the real estate industry since it was created as part of the 2017 Tax Cuts and Jobs Act. The Opportunity Zone program seeks to be a catalyst for development in the neediest communities.