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

HUD Publishes 2019 Income Limits for Average Income Minimum Set-Aside

The Department of Housing & Urban Development (HUD) has published the income limits to be used by Low-Income Housing Tax Credit properties for which the Average Income (AI) Minimum Set-Aside is e...

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Alabama Court Decision Requires that Restrictions on LIHTC Properties Must be Considered in Property Tax Assessments

On December 13, 2019, an Alabama Circuit Court ruled that use restrictions for Low-Income Housing Tax Credit (and other types of affordable housing) must be considered when assessing the value of pro...

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A New Tool for Landlords "Non-Smoking" Policies

One of the most difficult parts of implementing a non-smoking policy at an apartment community is enforcing compliance. Detection of smokers can be difficult and precisely locating the source of smok...

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Assistance Animal Requests Under the Fair Housing Act - HUD Issues Important New Guidance

On January 28, 2020, HUD issued FHEO Notice 2020-01. The subject of the Notice is: Assessing a Person s Request to Have an Animal as a Reasonable Accommodation (RA) under the Fair Housing Act (FHA)...

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Special Needs Trust- Determination of Annual Income

Managers of affordable housing properties (e.g., Section 8 or LIHTC) must consider whether a household has assets that may contribute to the income of the household. Common assets include cash-on-han...

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IRS Issues Ruling on Determination of Income Limits for Average Income Minimum Set-Aside

On January 29, 2020, the IRS released Revenue Ruling 2020-4. This ruling outlines the requirements for determining the designated income limits under the Average Income (AI) Minimum Set-Aside. The...

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Excess Subsidy Repayment Agreements

When households receiving federal rental assistance - such as Section 8 - receive more assistance than they are entitled to based on their income, the residents are required to repay the excess amoun...

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2020 Mileage Rates

The IRS has issued the mileage rates for 2020, including the rate for miles driven for medical purposes. This is an important rate for Section 8 and Rural Development Properties since elderly househo...

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