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A. J. Johnson

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A. J. Johnson Partners with Mid-Atlantic AHMA for June Training on Income, Assets & Tax-Exempt Bonds

June 12, 2021

During the month of June 2021, A. J. Johnson will be partnering with the MidAtlantic Affordable Housing Management Association for two live webinars intended for real estate professionals, particularly those in the affordable multifamily housing field. The following live webinars…

Biden Housing Plan Stresses Housing as Infrastructure

May 29, 2021

On May 26, the Biden Administration released its full plans for a surge in new housing spending as part of the American Jobs Plan. The proposal would invest $318 billion, including $105 billion in newly proposed tax credits. The goal…

Court Affirms Right of Spouse to be a Live-in Aide at HUD-Assisted Property

May 24, 2021

In Johnson v. Guardian Management, April 2021, a court ruled that a current spouse may be a live-in aide for a resident at a HUD Section 8 project. Facts of the Case A Section 8 resident requested an accommodation for…

HUD Enters Into Conciliation Agreement Relating to Language Access Services

May 23, 2021

The Department of Housing & Urban Development (HUD) recently entered into a Conciliation/Voluntary Compliance Agreement with an owner and management company in Sacramento, CA resolving allegations that they violated the Fair Housing Act (FHA) and Title VI of the Civil…

COVID-19 IRS Extension for Qualifying Units (Notices 2021-12 and 2021-17)- Industry Positions on Year Two Credits

May 22, 2021

In January 2021, the IRS released Notice 2021-12, extending various COVID-19 relief provisions for the Low-Income Housing Tax Credit (LIHTC) and Tax-Exempt Bond programs. The service also added relief with regard to deadlines for satisfying occupancy obligations. Section IV.E of…

Key Improvements to LIHTC Program Possible for 2021

May 15, 2021

An updated Affordable Housing Credit Improvement Act (AHCIA) has been introduced in the House and Senate with bipartisan support. The House and Senate bills are identical and are a continuation of an effort that began with the initial introduction of…

American Housing and Economic Mobility Act of 2021 Introduced

May 9, 2021

On April 23, 2021, Senator Elizabeth Warren and Congressman Emanuel Cleaver introduced the American Housing & Economic Mobility Act of 2021 (S. 1368 and H.R. 2768. These bills reintroduce bills from the prior Congress, with some additional provisions. Among the…

Administration Announces More Funding for ERAP

May 8, 2021

On May 7, 2021, the Biden Administration announced the allocation of an additional $21.6 billion under the American Rescue Plan for Emergency Rental Assistance – including $2.5 billion targeted to the highest need areas. The original funding for the program…

HUD Publishes Income Limits for Multiple Programs

May 7, 2021

On May 3, 2021, HUD published 2021 income limits for the Community Development Block Grant (CDBG) Program, Emergency Solutions Grants (ESG) Program, HOME, HOPWA, Housing Trust Fund (HTF), and the Neighborhood Stabilization Program (NSP). HUD also published the 2021 rent…

A. J. Johnson Partners with Mid-Atlantic AHMA for May Training on Basic LIHTC Compliance and Interviewing Skills for Managers

May 2, 2021

During the month of May 2021, A. J. Johnson will be partnering with the MidAtlantic Affordable Housing Management Association for two live webinars intended for real estate professionals, particularly those in the affordable multifamily housing field. The following live webinars…

HUD Confirms Income Exclusions

April 29, 2021

Unemployment Benefits & Child Tax Credit The 2021 Consolidated Appropriations Act (2021 Appropriations) and the American Rescue Plan of 2021 (ARP) amended three provisions to strengthen and extend unemployment benefits in the CARES Act and the ARP provides a monthly…

HUD Secretary Announces Increase in REAC Inspections

April 26, 2021

On April 23, 2021, HUD Secretary Marcia Fudge announced that effective June 1, 2021, HUD will substantially increase housing inspections for properties subject to REAC. Within a few days – as early as this week – HUD will formally notify…

A. J. Johnson to Offer Webinar on LIHTC Acquisition/Rehab Issues

April 25, 2021

A. J. Johnson will be conducting a webinar on May 6, 2021, on Acquisition/Rehab of Low-Income Housing Tax Credit Projects – Critical Issues for Success. The Webinar will be held from 1:00 PM to 3:00 PM Eastern time. This two-hour…

CDC Updates FAQS on Eviction Moratorium

April 24, 2021

On April 14, 2021, the Centers for Disease Control and Prevention (CDC) updated the Frequently Asked Questions (FAQS) regarding the CDC order to temporarily halt residential evictions to assist in preventing the spread of COVID-19. The FAQs are non-binding and…

A. J. Johnson to Host Asset Webinar

April 18, 2021

A. J. Johnson will be conducting a webinar on April 29, 2021 on Dealing with Resident Assets at Affordable Housing Properties. The Webinar will be held from 1:00 PM to 3:00 PM Eastern time. This two-hour course provides a detailed…

Affordable Housing Credit Improvement Act of 2021 Introduced in Congress

April 18, 2021

Once again, a bill has been introduced in Congress to amend the Low-Income Housing Tax Credit Program. The “Affordable Housing Credit Improvement Act of 2021” (AHCIA) was introduced in the Senate on April 15, 2021, by Senators Maria Cantwell (D-WA),…

A. J. Johnson Partners with Mid-Atlantic AHMA for April Training Series

April 11, 2021

During the month of April 2021, A. J. Johnson will be partnering with the MidAtlantic Affordable Housing Management Association for two live webinars intended for real estate professionals, particularly those in the affordable multifamily housing field. The following live webinars…

CDC Extends Eviction Moratorium

April 1, 2021

On March 29, 2021, the Centers for Disease Control and Prevention (CDC) extended the federal eviction moratorium. The moratorium that was scheduled to expire on March 31, 2021, is now extended through June 30, 2021. As described in the order,…

HUD Publishes 2021 Income Limits

April 1, 2021

On April 1, 2021, HUD published the 2021 income limits for HUD programs as well as for the Low-Income Housing Tax Credit and Tax-Exempt Bond programs. The limits are effective on April 1, 2021. The limits for the LIHTC and…

IRS Issues Clarifying Guidance Relating to COVID-19 Occupancy Relief

March 27, 2021

In January 2021, the IRS published Notice 2021-12, extending and expanding on the COVID-19 relief provided by Notice 2020-53 that was issued in July 2020. Section IV.E of Notice 2021-12 provided an extension to satisfy certain occupancy obligations. It stated…

HCCP Online Exam Now Being Offered By A. J. Johnson Consulting Services – Correction

March 13, 2021

Following is a correction to an earlier posted article on the HCCP online exam. Starting on March 8, 2021, A. J. Johnson Consulting Services will be offering the online version of the Housing Credit Certified Professional (HCCP) exam. Unlike the…

HCCP Online Exam Now Being Offered By A. J. Johnson Consulting Services

March 6, 2021

Starting on March 8, 2021, A. J. Johnson Consulting Services will be offering the online version of the Housing Credit Certified Professional (HCCP) exam. Unlike the in-person exam, the online exam will be offered on an ongoing basis and need…

A. J. Johnson Partners with Mid-Atlantic AHMA for March Training Series

February 28, 2021

During the month of March 2021, A. J. Johnson will be partnering with the MidAtlantic Affordable Housing Management Association in a series of live webinars for real estate professionals, particularly those in the affordable multifamily housing field. The following live…

CDC Extends Residential Eviction Order

February 7, 2021

On January 29, 2021, the Centers for Disease Control and Prevention (CDC) issued an order extending the eviction moratorium to March 31, 2021. The order continues to ban evictions for certain renters under Section 361 of the Public Health Service…

President Biden Issues Wide-Ranging Executive Order Relating to Fair Housing

February 6, 2021

If there was any doubt about how the new Administration’s approach to fair housing will differ from that of the prior administration, the Executive Order signed by President Biden on January 26, 2021, should resolve the issue. The Order, titled…

A. J. Johnson Partners with Mid-Atlantic AHMA for February Training Series

January 31, 2021

During the month of February 2021, A. J. Johnson will be partnering with the MidAtlantic Affordable Housing Management Association in a series of live webinars for real estate professionals, particularly those in the affordable multifamily housing field. On February 11,…

Democratic Control of Executive and Legislative Branches Increase Chances for Affordable Housing Initiatives

January 17, 2021

Since Senators-elect Reverend Raphael Warnock and Jon Ossoff won the January 5 Georgia run-off elections, the Senate will be evenly divided between 50 Republicans and 50 Democrats. Vice-President-elect Kamala Harris will decide the outcome of any tied votes through her…

IRS Extends COVID-19 Relief

January 16, 2021

In response to the COVID-19 pandemic, the IRS issued Notice 2020-53 in July 2020. This Notice provided temporary relief from certain requirements under §42 of the Internal Revenue Code and §§142(d) and 147(d) of the Code for properties with tax-exempt…

Work Patterns Will Never Be the Same Again – Long Term Planning & Preparation is Key

January 10, 2021

Despite the death grip COVID-19 has had, the global economy is on the threshold of a burst of growth driven by technology. If long-gestating technologies like Artificial Intelligence (AI) and automation fulfill their potential, we’ll have the chance to escape…

Fixed Four Percent Credit – When Does it Apply?

January 3, 2021

The COVID-19 relief legislation that was recently signed into law included a provision fixing the four percent LIHTC at an actual four percent rate. This floor applies both to properties with tax-exempt bonds and acquisition credits. However, there are transition…

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