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

Multifamily Property Owners in Forbearance Required to Inform Tenants of Protections

On August 6, 2020, the Federal Housing Finance Agency (FHFA) announced that multifamily property owners with mortgages backed by Fannie Mae or Freddie Mac (the Enterprises) who enter into a new or mo...

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Despite Recent HUD Guidance, States Must Still Update Qualified Allocation Plans to Reflect IRS Monitoring Regulation

In February 2019, the IRS published a final regulation on how State Housing Finance Agencies (HFAs) must monitor for compliance with the requirements of the Low-Income Housing Tax Credit Program (LIH...

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Affordable Housing Improvements May be Included in Next COVID-19 Legislation

While it is been delayed due to a Senate recess, there will be another COVID-19 relief package. Hopefully, it will be passed by Congress by mid-August and based on indications from Congressional staf...

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Rapid Action Needed for Owners Needing HUD COVID-19 Supplemental Payments

On July 23, 2020, HUD published Housing Notice H-2020-08, Availability of Funds for COVID-19 Supplemental Payments (CSPs) for Properties Receiving Project-Based Rental Assistance Under the Section...

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HUD Implements Housing Choice Voucher Mobility Demonstration Program

On July 15, 2020, HUD published in the Federal Register a Notice implementing the Housing Choice Voucher (HCV) Mobility Demonstration Program. This program was authorized by the 2019 and 2020 Appropr...

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HUD Issues Final FAST Act Streamlining Rule

The Department of Housing & Urban Development (HUD) has issued its final rule implementing Fixing America s Surface Transportation (FAST) Act legislation. The rule was effective on June 8, 2020...

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IRS Provides Clarification on COVID-19 Issues

The IRS recently issued guidance relating to COVID-19 relief for LIHTC projects (July 1). The National Council of State Housing Agencies (NCSHA) requested clarification from the IRS on two of the pro...

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Normal Wear & Tear - What is it?

A question I often get from clients with regard to the requirement to return security deposits is What is the difference between normal wear and tear and tenant damage? It s an important ques...

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