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

Smoke Free Public Housing - HUD Proposed Rule

Smoke Free Public Housing - HUD Proposed Rule, November 17, 2015   On November 17, 2015, HUD published a proposed rule in the Federal Register that would require all public housing agencies...

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Unauthorized Distribution of Project Funds - HUD Announcement, November 2015

The Department of Housing & Urban Development (HUD) recently sent a series of emails and published newsletters issuing announcements regarding restrictions on the distribution of project assets. T...

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Local Ordinances and Assistance Animals

Apartment owners and managers are well aware that when required due to the disability of an applicant or a resident, no matter what a property s policy on pets may be, fair housing law requires that...

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LIHTC Requirements Regarding Common Areas, Required Facilities, and Provision of Services

Section 42(d)(4)(B) of the Internal Revenue Code reads: The adjusted basis of any building shall be determined by taking into account the adjusted basis of property (of a character subject to the a...

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Quid Pro Quo and Hostile Environment HUD Proposed Rule, October 21, 2015

HUD has published a proposed rule in the October 21, 2015 Federal Register titled, Quid Pro Quo and Hostile Environment Harassment and Liability for Discriminatory Housing Practices Under the Fair ...

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Eligible Basis: IRS Reconciliation of Allowable Costs

During an audit, a primary point of examination by the IRS will be the reconciliation of eligible basis, and identification of large, unusual or questionable items.   Reconciliation of Elig...

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Short Term Rental Fees for Vouchers

In Velez v. Cuyahoga Metropolitan Housing Authority, 2015 U.S. App. Lexis 13265 (6th Cir. July 30, 2015), an appeals court ruled that fees for short-term rentals are considered rent and must be paid ...

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Costs Included In Eligible Basis

  The next few articles in this series of articles on the IRS Audit Guide will focus on the important issue of Eligible Basis, the beginning point for the calculation of credits. This first ar...

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