According to the 2000 census, approximately 25 million adults living in the United States depend on friends and family members to translate everything from food labels to rental leases. Language issues have created considerable challenges for low-income housing site managers to ensure that...
There is probably nothing more essential to a tax credit site than having trained, competent staff. Over the past few years, the regulations have changed so quickly, it can be difficult to stay completely up to date. Add to that the burden caused by high turnover—when a staff member quits...
QI spend quite a lot of time signing out keys when students come home. Some have forgotten their keys, others have left them at school, others say that their parent is usually at home, etc. Is there some type of “latch-key child” form or...
Like many owners or managers of tax credit sites, you probably let residents keep a pet, as long they obtain your prior approval and sign an agreement about the pet. But what should you do when you discover that a resident is keeping an unauthorized pet? You may not want to evict the resident or...
The IRS recently issued circular chief counsel advisory (CCA) 2008812023, requiring that tax credits be allocated in accordance with depreciation deductions. The coordinated allocation should occur wherever a partnership agreement provides for special allocations of depreciation that differ from...
HUD is providing owners and managers with guidance on converting studio units into one-bedrooms.
By issuing an official memo on conversions this February, HUD is seeking to impose consistency on a regulatory area in which there had previously been no clear policy, says Denise Muha,...
If you're like most owners and managers of assisted sites, you've brought Internet access into your offices to help you run your site and communicate with HUD, prospects, applicants, and residents. In fact, most of the business your site conducts with HUD probably takes place over the...
No matter how efficiently you run your tax credit site, your state housing agency may one day cite you for noncompliance with the tax credit law. If that happens, your state housing agency must notify your site's owner of the violation and also report it to the IRS using IRS Form 8823 (Low-...
It's a good idea to quiz your staff members regularly to assess their familiarity with the low-income tax credit (LIHTC) program. Testing staff members this way can confirm that you're working with a team equipped to tackle important compliance issues and keep the owner's tax credits...
HUD is seeking comments from owners and managers about its Enterprise Income Verification (EIV) System. Specifically, HUD would like to hear about the experiences of owners and managers in seeking and gaining access to the EIV System and in using various multifamily applications and reports...
As a site owner or manager, you are required by federal Fair Housing law to do what is reasonable in granting requests for accommodations or modifications, so that a visually impaired applicant might consider residing at your site. Furthermore, you are under a legal obligation to ensure that a...
Federal Fair Housing law makes it illegal to discriminate against prospects and residents with disabilities. This includes persons who are blind or who suffer from some other visual impairment, ranging from significant to total vision loss.
