March 30, 2009, marked the date that the U.S. Department of Housing and Urban Development's (HUD's) new rule on annual income was initially due to go into effect, changing the way that HUD and tax credit sites are expected to calculate annual income. In the final rule, Refinement of...
The U.S. Department of Housing and Urban Development (HUD) has released online videos developed to educate deaf and hard-of-hearing consumers about their fair housing rights, housing counseling services, and loan programs offered by the Federal Housing Administration (FHA).
While federal guidelines suggest limiting occupancy to two persons per bedroom, sites cannot use occupancy standards to discriminate against residents based on their familial status. Residents of an Albuquerque, N.M., site filed that complaint with the U.S. Department of Housing and Urban...
If your residents have ever argued over putting a Christmas display in a common area, be prepared to avoid acrimony over Easter decorations, such as palms for Palm Sunday or other Christian symbols.
Offering dynamic community programs at your tax credit site can help to create a positive identity for your property that will attract more prospective applicants and boost resident retention. And the idea of collecting extra fees from program providers or residents to offset your operating...
In an RHIIP Listserv posted on Jan. 5, 2009, HUD alerted owners that it will soon publish a final rule revising regulations on the disclosure of Social Security numbers. The final rule will require all applicants for, and participants of, HUD's rental assistance programs to disclose their...
In October, single-family housing starts dipped 4.5 percent, from 549,000 units to 531,000, according to Census Bureau reports.
The slowdown was expected as “surveys of builder confidence and market expectations have been hovering in a historically low range for the past nine months...
Since June 2008, tax credit prices nationwide have fallen almost 5 cents per 10-year tax credit dollar. As of Oct. 1, 2008, tax credit prices are in the range of 75 to 82 cents per dollar. This figure represents a steep decline in value from a year ago, when prices were in the range of 90 to 95...
The provisions of the recent 2008 and 2009 HUD Consolidated Appropriations Acts (P.L. 110-161, P.L. 110-329), and the Housing and Economic Recovery Act of 2008 (HERA; P.L. 110-289), will affect the preservation and development of affordable housing, as well as HUD's administrative policies,...
QAn applicant to our site claims that she works and collects SSI. Because of her wages, the SSI payment is reduced. SSI lists the “maximum allowable” payment as $637, but then deducts $249.50 because of her wages, making her net monthly...
QI manage an affordable housing site, and a number of our residents are self-employed as housecleaners and other service personnel who are paid in cash, or as babysitters, dancers, singers, and waiters/waitresses who live on tips. They don't file...
QAn applicant for a unit at our site says he's married but does not live with his wife. He is self-employed and provided a copy of his joint tax return to help us determine his income. How do we handle the wife's income? Does it matter that he...
