The rise in Housing Prices Further Inhibits Affordability - But, May Offer Opportunities to Landlords
Affordable housing across America whether ownership or rental is growing scarcer than ever, as the wealthy bid up properties that might once have been considered affordable. This is especially ... 12/20/2020
New Products Make Healthy Housing a Reality
Healthy living is on everyone s mind now. The COVID-19 pandemic has raised awareness of the environments we live in and the importance of those environments in our daily lives. Also, the increase in ... 12/19/2020
Hoarding - A Challenge for Housing Managers
In 2013, the American Psychiatric Association (APA) declared hoarding to be a clinical disability, automatically putting the issue of hoarding front and center with housing operators. The Fair Housin... 12/13/2020
Novogradac Releases Estimates of National, State, and Local Median Incomes for 2021 and 2022
Novogradac, a national accounting and professional services firm, has released its estimates of income limits on a national and state level. Using the 2019 American Community Survey (ACS) and the Con... 12/12/2020
A. J. Johnson to Host Full-Day Webinar on Income and Asset Requirements
A. J. Johnson will be conducting a webinar on December 16, 2020 on The Verification and Calculation of Income and Assets on Affordable Housing Properties. The Webinar will be held from 10:00 AM to 4:... 12/06/2020
A. J. Johnson to Offer Fair Housing Webinar on December 15
A. J. Johnson will be conducting a webinar on December 15, 2020, on Compliance with Federal and State Fair Housing Requirements. The Webinar will be held from 1:00 PM to 4:30 PM Eastern Time. The ... 12/05/2020
Affordable Housing Priorities of the Incoming Biden Administration
Elections have consequences. With the election of Joe Biden as President, the consequences for the affordable housing industry are likely to be very positive and will at the least put an end to the a... 11/29/2020
HUD Issues Updated Notice on Electronic Signature, Transmission, and Storage
On November 6, 2020, the Department of Housing and Urban Development (HUD) issued Notice H-2020-10, Electronic Signature, Transmission, and Storage Guidance for Multifamily Assisted Housing Industr... 11/29/2020
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