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

HUD Issues Utility Allowance Factors for 2019

HUD published in the November 23, 2018 Federal Register the Utility Allowance Adjustment Factors (UAFs) for 2019. HUD permits owners to use these adjustment factors to adjust baseline utility allowan...

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Minimum Wage Update - 2019

As we enter 2019, the minimum wage will change in a number of states and localities. As affordable housing professionals, it is always a good idea to be aware of the minimum wage in the states in whi...

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Occupancy Standards and Fair Housing

Every owner and manager of multifamily properties must develop occupancy standards for their property. It is these standards that determine how many people may live in a unit. When deciding on an occu...

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Verifying the Income of Ride-Hailing Drivers

Verifying the Income of Ride-Hailing Drivers A recent study by the JP Morgan Chase Institute showed that from late 2013 to the Spring of 2018, there was a 2,000 percent increase in the number of Ub...

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Dealing with "Zero Income" Households

While zero income households are rare on Low-Income Housing Tax Credit properties (since there is no rental assistance, income is required in order to pay the rent), such households are not unco...

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IRS 2018-2019 Priority Guidance Plan

On November 8, 2018, the IRS released a Priority Guidance Plan for the period July 1, 2018 - June 30, 2019.   This plan outlines the areas that the IRS intends to provide formal guidance on...

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Environmental Issues Relating to Fair Housing

As we all know, the environment in which we live can impact our health and well-being. Bad water and bad air are known causes of health problems. What often goes unnoticed however is the environment w...

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LIHTC Lease - Important Elements

Important Elements of Low-Income Housing Tax Credit Leases   With the exception of having at least a six-month initial term when a household moves into a Low-Income Housing Tax Credit (LIHT...

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