One obstacle to building or acquiring sites for affordable multifamily housing is the notion of “not in my back yard” (NIMBYism). Although it is a difficult problem, developers and prospective site owners can get local support for buildings they want to construct. With the help of...
The recently issued Change 2 to HUD Handbook 4350.3 does not address how you, as an owner or manager, calculate annual income by using year-to-date (YTD) income.
Many tax credit managers use computer software programs to help them manage their tax credit sites. A good software program should save time and money by making it easier to keep your site in compliance with tax credit rules and perform many other management functions.
In August, the Massachusetts Supreme Judicial Court ruled that federal law trumps, or preempts, the “innocent tenant defense” that residents facing eviction often raise, which typically is based on local law.
This article is the third of a three-part series on complying with federal design and accessibility requirements. Part 1 (June 2008) explained the requirements and how to tell whether your site is among those that must comply with them...
New York's Westchester County is beginning an experiment to keep affordable housing affordable. A land trust designed to preserve affordable housing, including tax credit sites, in perpetuity, is being devised in Westchester, says Rosemary Noonan, Executive Director of the Housing Action...
Your tax credit site may offer a parking lot or other parking facility where your residents can keep their cars. If you, as a site owner or manager, want to charge residents a parking fee, you must proceed carefully, cautions tax credit consultant Karen A. Graham. Although the tax credit program...
