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

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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What Affordable Housing Managers Need to Know About Changes in Retirement Laws

Just before adjourning for the Christmas/New Year holiday, Congress included, and the President signed, the Setting Every Community Up for Retirement Enhancement (SECURE) Act in the federal governmen...

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