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Updated HUD Guidance on REAC Inspections During the COVID-19 Pandemic
On November 13, 2020,  HUD issued updated guidance on the inspection of Public and Multifamily Housing projects during COVID-19. This guidance was issued in the form of an updated FAQ. The FA... 11/21/2020
Senate Staff Issues Report on the State of Affordable Housing
In October 2020, the Senate Majority Staff issued a report titled, Housing Programs The Need for One Roof. The purported purpose of the report is to begin a needed conversation about reforming ... 11/08/2020
CORRECTION - IRS Notice of Proposed Rulemaking on Average Income Test
Thank God my clients read better than I type. One of my more astute readers noticed a pretty significant typo in the example in #1 below. I have corrected the error - I hope it did not create too muc... 11/02/2020
A. J. Johnson to Host Webinar on Management of Properties with HOME Funds
A. J. Johnson will be conducting a webinar on November 12, 2020, on The Onsite Management Requirements of the HOME Program.  The Webinar will be held from 9 AM to 3:30 PM Eastern time. This s... 11/02/2020
IRS Notice of Proposed Rulemaking on Average Income Test
On October 30, the IRS published a Notice of Proposed Rulemaking in the Federal Register. This Notice concerns the LIHTC Average Income Test and outlines the current intention of the IRS with regard ... 11/01/2020
Website Accessibility Bill Introduced in Congress
On October 1, 2020, Congressmen Lou Correa (D-CA) and Ted Budd (R-NC) introduced the bipartisan Online Accessibility Act (H.R. 8478) which would create guidance to help businesses ensure their websit... 10/31/2020
Venmo - Understanding the Payment App
In the process of reviewing thousands of tenant files annually, we are seeing rapid growth in Venmo and PayPal transactions on bank accounts. We often receive questions from property managers regardi... 10/28/2020
HUD Updates COVID-19 Guidance
On October 14, HUD issued updated guidance on COVID-19 as it relates to HUD-assisted properties. Following is some of the new guidance issued by HUD. On-Site COVID Testing HUD will permit the t... 10/25/2020
Recent Court Case Shows Importance of Apartment Accessibility
In Ability Center v. Moline Builders, Ohio, August 2020, a court granted partial judgment to fair housing advocates in a lawsuit against multiple entities and individuals based on the design and cons... 10/24/2020
Impact of COVID-19 on Affordable Housing Properties
A recently published study by NDP Analytics, funded in part by the National Leased Housing Association, outlines the dramatic impact that COVID- 19 has had and will continue to have on affordable... 10/17/2020
A. J. Johnson to Present Webinar on Complying with the Requirements of the IRS on Tax Credit Properties
A. J. Johnson will be conducting a webinar on October 27, 2020, on Meeting IRS Requirements for the Low-Income Housing Tax Credit Program. The Webinar will be held from 9 AM to 3:30 PM Eastern time.... 10/17/2020
Social Security COLA - 2021
The federal government announced on October 13, 2020, that the Social Security Cost of Live Adjustment (COLA) for 2021 will be 1.3%. This increase will provide an additional $20 per month for the av... 10/13/2020
Upcoming 2021 Social Security COLA
The Social Security Administration is scheduled to release the 2021 Cost-of-Living Adjustment for Social Security tomorrow (October 13, 2020). Operators of affordable housing properties should be on ... 10/12/2020
HUD Issues Fair Housing Charge Against Wyoming Property Owner, Management Agent, and Onsite Manager for Familial Status Violation
On September 9, 2020, the Department of Housing & Urban Development (HUD) charged the owners and managers of an apartment community in Cheyenne, Wyoming with violation of the familial status prov... 10/11/2020
A. J. Johnson Webinar on Management of Tax-Exempt Bond Financed Properties
A. J. Johnson will be conducting a webinar on October 21, 2020, on Understanding the Basic Management Requirements of the Tax-Exempt Bond Program. The Webinar will be held from 1 PM to 4 PM Eastern.... 10/11/2020
Recent Court Decision Confirms that a Right of First Refusal is Not an Option to Purchase
A recent New York court case has affirmed that a non-profit s Right of First Refusal ( ROFR ) is not an option to purchase a Low-Income Housing Tax Credit (LIHTC) property. The Case Riseboro Co... 10/05/2020
Helping Older Adults Age Safely in Place
With the aging of the U.S. population, the number of older adults living if affordable housing is growing and the average age of residents is increasing. Assisting residents to age in place safely is... 09/27/2020
A. J. Johnson to conduct a webinar on Interviewing Skills for Affordable Housing Managers.
A. J. Johnson will be conducting a webinar on October 7, 2020, on Interviewing Skills for Affordable Housing Managers. The Webinar will be held from 1 PM to 4 PM Eastern. One of the most importan... 09/27/2020
A. J. Johnson to Host Webinar on Critical Policies for Affordable Housing Developments
A. J. Johnson will be conducting a webinar on October 6, 2020, on Critical Policies for Affordable Housing Developments. The Webinar will be held from 10 AM to 3 PM Eastern. As important as it is ... 09/25/2020
A. J. Johnson to Host Webinar on Management of Rural Development Section 515 Properties
A. J. Johnson will be conducting a webinar on October 8, 2020, on The Management of Rural Development Section 515 Properties. The Webinar will be held from 9 AM to 3 PM Eastern. This full-day cour... 09/21/2020
Justice Department Settles Accessibility Case with Major Developer
The Department of Justice (DOJ) and the U.S. Attorney for the Southern District of Ohio announced on July 28, 2020, that the owners, developers, and builders of 82 multi-family housing complexes have... 09/20/2020