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

Use of Residual Receipts to Offset HAP Payments (Notice H-2012-14)

HUD Notice H-2012-14 was published on August 2, 2012 requiring the use of New Regulation Section 8 Housing Assistance Payments (HAP) Contracts residual receipts to offset project-based Section 8...

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HUD Eliminates Two Income Exclusions and Adds Others

HUD Amends List of Income Exclusions On July 24, 2012, HUD published in the Federal Register additional types of income that are excluded from income for purposes of determining eligibility for H...

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A. J. Johnson Consulting to Introduce Pre-MOR Review Service

A. J. Johnson Consulting Services will begin offering a new service in January 2013. This service will be conducting pre-MOR reviews for properties with project-based Section 8 assistance. Those pro...

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IRS Proposed Rule on Utility Allowances

The IRS has published a proposed regulation that will amend the IRS utility allowance regulation 1.42-10. This regulation outlines requirements relative to utility allowances on low-income housing tax...

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The Importance of Cost Segregation Studies

Cost segregation is the process of examining all the physical components of a property and classifying them based on their life expectancy for tax purposes. A major tax court case (AmeriSouth v. Commi...

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Must a Tax Credit Unit be a Tenant’s Only Residence?

Must a Tax Credit Unit be a Tenant s Only Residence?   I get asked the question above fairly often, and I always reply, yes, without ever providing a regulatory or statutory source for ...

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State Registered Lifetime Sex Offenders in Federally Assisted Housing

On June 11, 2012, HUD published Notice H 2012-11, which clarifies and supercedes Notice H 2009-11. The Notice reiterates the responsibilities of owners and agents of HUD-assisted properties relative t...

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Maryland Appeals Court Deems Pit Bulls Inherently Dangerous

In Tracey v. Solesky, No. 53, September Term 2012,the Maryland Court of Appeals has determined that showing that the owner of a dog or the landlord of a property knew that a dog is at least part pit b...

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