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A. J. Johnson Offering Webinar on Handling Assets on Affordable Housing Properties
A. J. Johnson will be conducting a webinar on August 18, 2020 on Dealing with Resident Assets at Affordable Housing Properties. The Webinar will be held from 1:00 PM to 3 PM Eastern Time. This two... 08/10/2020
Multifamily Property Owners in Forbearance Required to Inform Tenants of Protections
On August 6, 2020, the Federal Housing Finance Agency (FHFA) announced that multifamily property owners with mortgages backed by Fannie Mae or Freddie Mac (the Enterprises) who enter into a new or mo... 08/08/2020
Despite Recent HUD Guidance, States Must Still Update Qualified Allocation Plans to Reflect IRS Monitoring Regulation
In February 2019, the IRS published a final regulation on how State Housing Finance Agencies (HFAs) must monitor for compliance with the requirements of the Low-Income Housing Tax Credit Program (LIH... 08/02/2020
Affordable Housing Improvements May be Included in Next COVID-19 Legislation
While it is been delayed due to a Senate recess, there will be another COVID-19 relief package. Hopefully, it will be passed by Congress by mid-August and based on indications from Congressional staf... 08/01/2020
Rapid Action Needed for Owners Needing HUD COVID-19 Supplemental Payments
On July 23, 2020, HUD published Housing Notice H-2020-08, Availability of Funds for COVID-19 Supplemental Payments (CSPs) for Properties Receiving Project-Based Rental Assistance Under the Section 8... 07/29/2020
HUD Implements Housing Choice Voucher Mobility Demonstration Program
On July 15, 2020, HUD published in the Federal Register a Notice implementing the Housing Choice Voucher (HCV) Mobility Demonstration Program. This program was authorized by the 2019 and 2020 Appropr... 07/26/2020
HUD Issues Final FAST Act Streamlining Rule
The Department of Housing & Urban Development (HUD) has issued its final rule implementing Fixing America s Surface Transportation (FAST) Act legislation. The rule was effective on June 8, 2020. ... 07/26/2020
IRS Provides Clarification on COVID-19 Issues
The IRS recently issued guidance relating to COVID-19 relief for LIHTC projects (July 1). The National Council of State Housing Agencies (NCSHA) requested clarification from the IRS on two of the pro... 07/24/2020
Normal Wear & Tear - What is it?
A question I often get from clients with regard to the requirement to return security deposits is What is the difference between normal wear and tear and tenant damage? It s an important question, ... 07/19/2020
National Fair Housing Alliance Files Suit Against Multiple Assisted Living Operators
The National Fair Housing Alliance (NFHA) has filed suit against eight companies that operate 16 assisted living facilities in the Salt Lake City, Albuquerque, and Santa Fe metropolitan areas. The su... 07/18/2020
A. J. Johnson to Offer Fair Housing Webinar
A. J. Johnson will be conducting a webinar on July 23, 2020 on Compliance with Federal and State Fair Housing Requirements. The Webinar will be held from 1:00 PM to 4 PM Eastern Time. This trainin... 07/16/2020
Webinar on VAWA Plans for LIHTC Properties
A. J. Johnson will be conducting a webinar on July 22, 2020 on The Violence Against Women Act (VAWA) - Guidance for LIHTC Owners & Management Agents. The Webinar will be held at 1:00 PM Eastern T... 07/13/2020
HUD Updates Guidance on CARES Act Eviction Moratorium
On July 1, 2020, HUD issued Notice H-20-07, Coronavirus Aid, Relief, and Economic Security (CARES) Act Eviction Moratorium. This Notice provides background and up-to-date guidance on HUD s policies a... 07/10/2020
HUD Issues Update Notice on COVID-19 Statutory and Regulatory Waivers
On July 2, 2020, the Department of Housing & Urban Development (HUD) issued Notice PIH 2020-05, Rev. 1 COVID-19 Statutory and Regulatory Waivers and Alternative Requirements for the Public Housi... 07/08/2020
Webinar on Average Income Requirements & Best Practices
A. J. Johnson will be conducting a webinar on July 14, 2020 on Requirements & Best Practices Relating to the Average Income Minimum Set-Aside for LIHTC Properties. The Webinar will be held at 1:0... 07/07/2020
Illegal Steering - Recent Fair Housing Settlement Shows Feds Lack of Tolerance for the Practice
The United States Department of Housing & Urban Development (HUD) reached a Settlement Agreement with the Decatur (AL) Housing Authority on June 26 after a HUD compliance review determined that t... 07/04/2020
IRS Releases Major LIHTC Program Guidance - July 1, 2020
On July 1, 2020, the IRS released an advanced copy of proposed regulations concerning low-income housing tax credit (LIHTC) housing finance agency (HFA) monitoring requirements and Notice 2020-53, wh... 07/01/2020
Housing Crisis Looms with End of Eviction Moratoriums
The United States is on the cusp of a housing crisis. As states begin lifting eviction moratoriums, and with the July rent coming due, millions are still suffering from the economic damage caused by ... 07/01/2020
CAREs Act Eviction Protection for Housing Trust Fund Projects
A client recently asked me whether properties with money from the National Housing Trust Fund (HTF) are subject to the eviction moratorium protections of the CAREs Act. This is a somewhat confusing i... 06/28/2020
Pre-Termination Notice Requirements for Section 8 Properties
Many managers of HUD properties have learned the hard way that failing to give an absolutely correct notice prior to terminating a resident s lease can lead to eviction delays. If a pre-termination n... 06/27/2020
A COVID-19 Best Practice Reminder for Multifamily Housing
COVID-19 IS A SERIOUS RESPIRATORY ILLNESS THAT CAN SPREAD FROM PERSON TO PERSON. It is unfortunate that months into this crisis, people still have to be reminded about how serious an illness COVID-19... 06/26/2020