Feature Articles

Feature Articles



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...

HUD Issues 2020 Income Limits for HUD and Tax Credit Programs

April 15, 2020    

HUD recently announced the 2020 income limits for the Multifamily Tax Subsidy Projects (MTSP) housing programs effective April 1, 2020. This includes sites with low-income housing tax credits and tax-exempt bond financing. HUD has also issued the income limits for the 2020 MTSP Income Averaging...

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...