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

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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2019 Social Security COLA

The federal government announced on October 11, 2018 that the Social Security Cost of Live Adjustment (COLA) for 2019 will be 2.8%. This is the largest cost-of-living adjustment since 2012. The aver...

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Difference Between SSI and SSD

I recently received an email from a client who indicated that their corporate Section 8 department refused to accept a verification of Supplemental Security Income (SSI) for a person under age 65 as a...

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Final GAO Report on LIHTC Program - September 18, 2018

On September 18, 2018, the Government Accountability Office (GAO) issued its fourth and final report on the Low-Income Housing Tax Credit (LIHTC) program. This report is titled Improved Data and Ov...

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