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

Some States and Localities Increase the Minimum Wage for 2017

Managers of affordable housing properties spend a good deal of their time verifying and calculating income. All managers are aware that most workers must be paid a minimum wage (some workers are exemp...

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IRS Notice 2016-77 - QAP Preferences Relative to Community Revitilization Plans

On December 27, 2016, the IRS issued Notice 2016-77. This Notice relates to the issue of satisfying the required Qualified Allocation Plan (QAP) preference relating to Community Revitalization Plans. ...

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2017 Increase in Pay for Active Duty Military

The National Defense Authorization Act of 2017 has been signed into law by President Obama and effective January 1, 2017, all active duty and active reservists will receive an increase of 2.1% in bas...

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IRS Revenue Ruling 2016-29 - Regarding Qualified Allocation Plan Provisions Relating to Local Approval of LIHTC Allocations

This recently issued Revenue Ruling addresses the issue of whether or not Section 42 of the Internal Revenue Code requires or even encourages Housing Finance Agencies (HFAs) to reject proposals for lo...

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VAWA Emergency Transfer, Documentation, and Lease Bifurcation Requirements

The most detailed and complex part of the HUD Final Rule on VAWA deals with the emergency transfer requirements. This article focuses primarily on those requirements. I am also covering basic document...

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HUD Issues Correction Regarding VAWA Model Forms

A few days ago I sent a memo to clients regarding the availability of four model VAWA forms on HUD s web page. Those forms are now available on HUDClips. The forms are: Notice of Occupancy R...

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HUD Comment Request for Housing for Older Persons Act of 1995 (HOPA)

HUD Comment Request for Housing for Older Persons Act of 1995 (HOPA) As required by federal law, on December 13, 2016, HUD published a 60-day Notice of Proposed Information Collect...

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HUD Model VAWA Forms Made Available

HUD has created Microsoft Word files for the four model forms included in the Violence Against Women Act (VAWA) final rule that was published in the Federal Register on November 16, 2016. These forms ...

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