Feature Articles

Feature Articles



The Average Income Minimum Set-Aside Election: Understanding the Proposed Regs

November 24, 2020    

The new option would allow for deeper income targeting and could help your bottom line.

 

Industry Group Asks IRS to Extend LIHTC COVID-19 Relief

November 24, 2020    

The National Council of State Housing Agencies (NCSHA) recently sent the IRS and the Treasury Department a letter urging them to extend the temporary Housing Credit relief provided by IRS Notice 2020-53 and to make other necessary program accommodations in light of the continuing disruption of...

Perform Cost Analysis to Cut Maintenance Expenses

November 24, 2020    

If your site needs non-routine maintenance and repair work, you must decide between either using your own staff or hiring outside contractors. Some managers think that it’s always cheaper to use their site staff, but that’s not necessarily so. There are costs associated with using...

4 Dos & Don’ts for Dealing with Families with Children

October 29, 2020    

HUD recently charged two separate sites with discriminating against families with children. In one case, a Rhode Island site owner steered fair housing testers claiming to have children away from the site [HUD v. Francis, FHEO No. 01-19-2644.8]. Another case involved owners in Wyoming imposing...

SSA Announces 1.3 Percent COLA Increase

October 29, 2020    

The Social Security Administration recently announced that the Social Security and Supplemental Security Income (SSI) benefits will increase 1.3 percent in 2021. The 1.3 percent cost-of-living adjustment (COLA) will begin with benefits payable to more than 64 million Social Security...

CDC, HHS Temporarily Halt Residential Evictions Nationwide

September 30, 2020    

We answer site owners’ most frequently asked questions about the moratorium.

 

On Sept. 4, the Centers for Disease Control and Prevention (CDC) and the Department of Health and Human Services (HHS) took unprecedented action when they officially published an order in...

Follow 5 Safety Tips When Using Backup Generators After a Disaster

September 30, 2020    

Extreme weather frequently knocks over electrical lines. Such power outages are common during disasters, and they can last for several days. With this year’s record-breaking hurricane season along with record wildfires on the West Coast, it may be a good idea to review basic safety...

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...