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

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...

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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 ref...

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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...

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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...

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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 ...

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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...

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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...

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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...

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