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

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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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...

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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...

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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...

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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 a...

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