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Stay informed with the latest news and updates regarding the affordable housing industry.

Generally Allowable Medical Expenses

Generally Allowable Medical Expenses   The rent calculation for many affordable housing programs, including HUD Section 8 and Rural Development Section 515, is based on the adjusted incom...

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IRS Publishes Sandy Disaster Relief Notice

Low-Income Housing Credit Disaster Relief for Hurricane Sandy   The IRS issued Revenue Notice 2012-68 on November 5, 2012, effective after October 22, 2012, providing emergency housing relief a...

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Sign Posting Requirements

Every few years I like to remind clients of the various requirements relating to the sign posting requirements for companies in the property management business. Failure to post the signs can cost as ...

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HUD Publishes Revised REAC Scoring Protocol

HUD has made a number of changes in the way REAC inspections will be scored, beginning with inspections on or after January 1, 2013. The changes are noted in Compilation Bulleting Revision 2.3.  ...

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HUD Implements New Rental Assistance Demonstration Program

On July 26, 2012, HUD published a Final Notice in the Federal Register implementing the Rental Assistance Demonstration (RAD) Program. The program offers new opportunities to public housing agencies a...

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GAO Report on RHS Subsidy Errors

The U.S. Government Accountability Office (GAO) completed a study in 2012 that examined improper RA payments by the Rural Housing Service (RHS). The study found that between 2007 and 2010, RHS made fr...

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Possession of Drug Related Paraphernalia May Not be Reason for Application Denial

Management companies wishing to make possession of drug related paraphernalia a violation of criminal screening policies should carefully examine the definition of drug-related criminal activity ...

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Dealing with Reverse Mortgages on Affordable Housing Properties

Dealing with Reverse Mortgages on Affordable Housing Properties   While not common on affordable housing properties such as LIHTC, Section 8 or Section 515, occasionally, an applicant with a re...

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