2020 Census - What Apartment Managers Need to Know
2020 will be a U.S. Census year. Every household will be required to answer a census questionnaire. This includes renters, so landlords and property managers need to know the rules. Questionnaires... 12/07/2019
New Overtime Rule Issued by the Department of Labor
On September 24, 2019, the U.S. Department of Labor (DOL) announced a final rule to make 1.3 million American workers eligible for overtime pay under the Fair Labor Standards Act (FLSA). This is the ... 12/01/2019
Rent Guarantors - An Alternative to Rejecting Applicants
Owners and managers of LIHTC properties are often faced with applicants who have less than desirable credit, income below the minimum required by the landlord, or no financial history. The common pra... 11/30/2019
Novogradac Study Outlines Expected Income Increases
Novogradac & Company has released its study of expected increases in state median incomes for 2020 and 2021. Novogradac estimates that the U.S. median income will increase by just less than 4 per... 11/24/2019
HUD Takes Aggressive Position Regarding Online Verification of Assistance Animals
On November 6, 2019, the Department of Housing & Urban Development asked the Federal Trade Commission (FTC) and Bureau of Consumer Protection to investigate websites that sell assistance animal d... 11/24/2019
Disability Payments- Calculating & Verifying Income
Some applicants and residents of affordable housing properties receive disability payments. These payments may be short-term (temporary) or long-term. Disability payments are intended to offset a red... 11/17/2019
Bedbugs - A Review of Current HUD Guidance
Bedbugs continue to rear their ugly little heads in all types of properties - from luxury hotels to affordable housing. Affordable housing managers are always concerned about what they can and cannot... 11/10/2019
Principal or Primary Residence Issue for LIHTC Housing
Virtually all affordable housing programs, including Section 8 and the Low-Income Housing Tax Credit (LIHTC), require that the lessees of the unit use apartments being rented under the applicable pro... 11/09/2019
Special Considerations When Renting to Members of the Military and Veterans
While federal and state fair housing law does not ban discrimination based on military or veteran status, many state and local governments do. However, disabled veterans are protected (as is any disa... 11/03/2019
Recent OIG Audits Show Importance of Training in Section 8 Requirements
The HUD Office of Inspector General (OIG) recently conducted two management agent audits that illustrate the importance of Section 8 training for management agents. In both cases, OIG recommended a s... 11/02/2019
Emancipated Minors and the Determination of Income on Affordable Housing Properties
The determination of income for affordable housing developments (e.g., HUD/Rural Development/ LIHTC) depends on whether a household member is an adult or a dependent, as defined by HUD regulation... 10/27/2019
Affordable Housing Credit Improvement Act Gaining Support
Since its introduction in June 2019, the Affordable Housing Credit Improvement Act has garnered more support and co-sponsorships from Congressional members. If enacted into law, the legislation w... 10/20/2019
Social Security COLA - 2020
The federal government announced on October 10, 2019 that the Social Security Cost of Live Adjustment (COLA) for 2020 will be 1.6%.  This increase will provide an additional $24 per month for th... 10/11/2019
NCSHA Provides Updated LIHTC Compliance Forms
The National Council for State Housing Agencies (NCSHA) has released updated model compliance forms for housing credit developments. Virtually all Housing Credit agencies (HCAs) require Housing Credi... 10/09/2019
HUD Publishes Proposed Rule on Implementation of The Housing Opportunity Through Modernization Act of 2016 (HOTMA)
HUD published a proposed rule implementing The Housing Opportunity Through Modernization Act of 2016 (HOTMA) in the federal register on September 17, 2019. HOTMA was enacted on July 29, 2016. This ru... 09/22/2019
Fair Housing Definition of a Dwelling
The Fair Housing Act (FHA) applies to dwellings. This raises the technical issue of what a dwelling is. The answer is not as simple as one may think. The statute s definition of a dwelling inclu... 09/22/2019
Information to Obtain When Assuming Management of a LIHTC Property
When assuming management of a Low-Income Housing Tax Credit (LIHTC) property during the 15-year compliance period, there is critical information the new agent must have. The following list provides a... 09/15/2019
Determining the Income of LIHTC Applicants and Residents
The determination of income is a primary requirement when determining the eligibility of applicants and residents at Low-Income Housing Tax Credit (LIHTC) Properties. While individual Housing Finance... 09/14/2019
RAD First Component - Eligibility, Conversion Requirements, and Financing Considerations
On September 5, 2019, HUD issued Notice H-2019-09, PIH-2019-23 (HA), Rental Assistance Demonstration Final Implementation, Revision 4. This revised notice provides program instructions for the Rent... 09/09/2019
Dealing with Resident Owned Real Estate at Affordable Housing Properties
When determining the income of a household at an affordable housing complex with income limitations, the valuation of resident owned assets and the calculation of real or possible income from those a... 09/07/2019
HUD Issues Revised Final Implementation Notice for RAD Program
On September 5, 2019, HUD issued Notice H-2019-09, PIH-2019-23 (HA), Rental Assistance Demonstration Final Implementation, Revision 4. This revised notice provides program instructions for the Rent... 09/05/2019