Feature Articles

Feature Articles



How to Avoid Costly Evictions with Rent Payment Plans

August 31, 2020    

With the additional $600 in unemployment insurance payments provided by the CARES Act having expired on July 31, many renters across America are at a precipice. Millions of Americans are experiencing job loss, reduced hours, and reduced income due to the economic effects of COVID-19. Thus far,...

How to Determine Allowable Fees at LIHTC Sites

August 31, 2020    

With widespread unemployment and reduced income among renters during the coronavirus pandemic, your site might be experiencing a decline in rental income. As a result, you may be considering charging fees for certain amenities and services to offset the revenue loss and to help cover operating...

IRS Relaxes Key LIHTC Program Requirements

July 30, 2020    

In response to the COVID-19 pandemic, the IRS announced it’s providing low-income housing tax credit participants temporary relief from key program requirements. This is good news for LIHTC developers and owners dealing with delays and management difficulties related to the pandemic.

Avoid Fair Housing Fears When Rejecting Unqualified Applicants

July 30, 2020    

Many owners and managers are afraid to reject applicants who are protected by fair housing laws—even if those applicants aren’t qualified to live at their site. Owners and managers worry that if an applicant accuses them of discrimination, they’ll be stuck paying steep fines...

5 Tips for Boosting Your Rate of Return of Verification Forms

July 30, 2020    

An applicant or household isn’t qualified for a low-income unit at your site unless you have the verifications to prove it. Owners and managers must make sure that every source of income that a household reports is verified. If you accept a household without verifying all its income, the...

Can Your Firm Benefit from Updated PPP Loan Rules?

June 11, 2020    

Management companies may get a boost from more business-friendly loan rules.

 

On June 5, President Trump signed into law the Paycheck Protection Program Flexibility Act, which made changes to the Paycheck Protection Program (PPP) to make it more user friendly for businesses...

Four Dos & Don'ts for Calculating Income from 'Gig Economy' Jobs

June 11, 2020    

As U.S. unemployment reaches historic levels, you may see more applicants making ends meet with income from online “gig” platforms such as Instacart, Postmates, or Grubhub. These particular grocery and food delivery services have reported record demand during the pandemic and have...

Domestic Violence During the Pandemic: How to Ensure Safe Housing at Your Site

May 13, 2020    

For victims of domestic violence, staying home during the pandemic may not be the safest option.

 

Six Strategies to Boost Building Resilience to Extreme Weather

May 13, 2020    

While the country is still dealing with the impact of the COVID-19 pandemic, the Atlantic hurricane season will be here soon. Hurricane season begins on June 1, just as many South and East Coast states are set to enter a delicate re-opening process. Hurricane season brings extreme events and...

IRS Grants Relief from Timing Requirements

April 15, 2020    

And considers issuing COVID-19 compliance guidance.

 

In late March, the National Council of State Housing Agencies (NCSHA) sent a letter to the IRS and the Treasury Department asking them to take immediate action to provide deadline extensions and other necessary...

Federal Eviction Moratorium Applies to LIHTC Sites

April 15, 2020    

The Coronavirus Aid, Relief, and Economic Security Act (CARES Act), signed into law on March 27, 2020, includes important, immediate protections for tenants. Specifically, it mandates a 120-day eviction moratorium for tenants living in certain types of properties.

CARES Act Changes Required Minimum Distribution Rules for 2020

April 15, 2020    

On March 27, the president signed into law the Coronavirus Aid, Relief, and Economic Security Act (the CARES Act) as part of the $2 trillion stimulus package intended to stabilize the economy during the devastating coronavirus pandemic. The CARES Act provides for a temporary waiver of required...