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A. J. Johnson

A. J. Johnson

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Novogradac Releases Estimates of National, State, and Local Median Incomes for 2021 and 2022

December 12, 2020

Novogradac, a national accounting and professional services firm, has released its estimates of income limits on a national and state level. Using the 2019 American Community Survey (ACS) and the Congressional Budget Office’s (CBO) consumer price index (CPI) estimate, Novogradac…

A. J. Johnson to Host Full-Day Webinar on Income and Asset Requirements

December 6, 2020

A. J. Johnson will be conducting a webinar on December 16, 2020 on The Verification and Calculation of Income and Assets on Affordable Housing Properties. The Webinar will be held from 10:00 AM to 4:00 PM Eastern Time. This six-hour…

A. J. Johnson to Offer Fair Housing Webinar on December 15

December 5, 2020

A. J. Johnson will be conducting a webinar on December 15, 2020, on Compliance with Federal and State Fair Housing Requirements. The Webinar will be held from 1:00 PM to 4:30 PM Eastern Time. The course will equip attendees with…

Affordable Housing Priorities of the Incoming Biden Administration

November 29, 2020

Elections have consequences. With the election of Joe Biden as President, the consequences for the affordable housing industry are likely to be very positive and will at the least put an end to the ambivalent – and even hostile – …

HUD Issues Updated Notice on Electronic Signature, Transmission, and Storage

November 29, 2020

On November 6, 2020, the Department of Housing and Urban Development (HUD) issued Notice H-2020-10, Electronic Signature, Transmission, and Storage – Guidance for Multifamily Assisted Housing Industry Partners. This Notice provides guidance to HUD multifamily assisted housing industry partners on…

Updated HUD Guidance on REAC Inspections During the COVID-19 Pandemic

November 21, 2020

On November 13, 2020, HUD issued updated guidance on the inspection of Public and Multifamily Housing projects during COVID-19. This guidance was issued in the form of an updated FAQ. The FAQ is comprehensive but following is some of the…

Senate Staff Issues Report on the State of Affordable Housing

November 8, 2020

In October 2020, the Senate Majority Staff issued a report titled, “Housing Programs – The Need for One Roof.” The purported purpose of the report is to “begin a needed conversation about reforming our housing system.” As noted in the…

CORRECTION – IRS Notice of Proposed Rulemaking on Average Income Test

November 2, 2020

Thank God my clients read better than I type. One of my more astute readers noticed a pretty significant typo in the example in #1 below. I have corrected the error – I hope it did not create too much…

A. J. Johnson to Host Webinar on Management of Properties with HOME Funds

November 2, 2020

A. J. Johnson will be conducting a webinar on November 12, 2020, on The Onsite Management Requirements of the HOME Program. The Webinar will be held from 9 AM to 3:30 PM Eastern time. This six-hour course outlines the basic…

IRS Notice of Proposed Rulemaking on Average Income Test

November 1, 2020

On October 30, the IRS published a Notice of Proposed Rulemaking in the Federal Register. This Notice concerns the LIHTC Average Income Test and outlines the current intention of the IRS with regard to certain rules governing the Average Income…

Website Accessibility Bill Introduced in Congress

October 31, 2020

On October 1, 2020, Congressmen Lou Correa (D-CA) and Ted Budd (R-NC) introduced the bipartisan Online Accessibility Act (H.R. 8478) which would create guidance to help businesses ensure their website complies with the ADA. The purpose of the bill is…

Venmo – Understanding the Payment App

October 28, 2020

In the process of reviewing thousands of tenant files annually, we are seeing rapid growth in Venmo and PayPal transactions on bank accounts. We often receive questions from property managers regarding how to handle these transactions, with the primary question…

HUD Updates COVID-19 Guidance

October 25, 2020

On October 14, HUD issued updated guidance on COVID-19 as it relates to HUD-assisted properties. Following is some of the new guidance issued by HUD. On-Site COVID Testing HUD will permit the temporary use of property common areas, parking lots,…

Recent Court Case Shows Importance of Apartment Accessibility

October 24, 2020

In Ability Center v. Moline Builders, Ohio, August 2020, a court granted partial judgment to fair housing advocates in a lawsuit against multiple entities and individuals based on the design and construction of a senior housing development in Ohio. At…

Impact of COVID-19 on Affordable Housing Properties

October 17, 2020

A recently published study by NDP Analytics, funded in part by the National Leased Housing Association, outlines the dramatic impact that COVID- 19 has had – and will continue to have – on affordable housing. According to the study, “Impacts…

A. J. Johnson to Present Webinar on Complying with the Requirements of the IRS on Tax Credit Properties

October 17, 2020

A. J. Johnson will be conducting a webinar on October 27, 2020, on Meeting IRS Requirements for the Low-Income Housing Tax Credit Program. The Webinar will be held from 9 AM to 3:30 PM Eastern time. One of the key…

Social Security COLA – 2021

October 13, 2020

The federal government announced on October 13, 2020, that the Social Security Cost of Live Adjustment (COLA) for 2021 will be 1.3%. This increase will provide an additional $20 per month for the average retiree. This is slightly less than…

Upcoming 2021 Social Security COLA

October 12, 2020

The Social Security Administration is scheduled to release the 2021 Cost-of-Living Adjustment for Social Security tomorrow (October 13, 2020). Operators of affordable housing properties should be on the look-out for the announcement and include the increase in projected income for…

HUD Issues Fair Housing Charge Against Wyoming Property Owner, Management Agent, and Onsite Manager for Familial Status Violation

October 11, 2020

On September 9, 2020, the Department of Housing & Urban Development (HUD) charged the owners and managers of an apartment community in Cheyenne, Wyoming with violation of the familial status provisions of the Fair Housing Act (FHA). This case is…

A. J. Johnson Webinar on Management of Tax-Exempt Bond Financed Properties

October 11, 2020

A. J. Johnson will be conducting a webinar on October 21, 2020, on Understanding the Basic Management Requirements of the Tax-Exempt Bond Program. The Webinar will be held from 1 PM to 4 PM Eastern. THIS IS A TWO HOUR…

Recent Court Decision Confirms that a Right of First Refusal is Not an Option to Purchase

October 5, 2020

A recent New York court case has affirmed that a non-profit’s Right of First Refusal (“ROFR”) is not an option to purchase a Low-Income Housing Tax Credit (LIHTC) property. The Case Riseboro Community Partnership, Inc., formerly known as Ridgewood Bushwick…

Helping Older Adults Age Safely in Place

September 27, 2020

With the aging of the U.S. population, the number of older adults living if affordable housing is growing and the average age of residents is increasing. Assisting residents to age in place safely is good for both property owners and…

A. J. Johnson to conduct a webinar on Interviewing Skills for Affordable Housing Managers.

September 27, 2020

A. J. Johnson will be conducting a webinar on October 7, 2020, on Interviewing Skills for Affordable Housing Managers. The Webinar will be held from 1 PM to 4 PM Eastern. One of the most important skills any affordable housing…

A. J. Johnson to Host Webinar on Critical Policies for Affordable Housing Developments

September 25, 2020

A. J. Johnson will be conducting a webinar on October 6, 2020, on Critical Policies for Affordable Housing Developments. The Webinar will be held from 10 AM to 3 PM Eastern. As important as it is to understand the technical…

A. J. Johnson to Host Webinar on Management of Rural Development Section 515 Properties

September 21, 2020

A. J. Johnson will be conducting a webinar on October 8, 2020, on The Management of Rural Development Section 515 Properties. The Webinar will be held from 9 AM to 3 PM Eastern. This full-day course outlines the basic requirements…

Justice Department Settles Accessibility Case with Major Developer

September 20, 2020

The Department of Justice (DOJ) and the U.S. Attorney for the Southern District of Ohio announced on July 28, 2020, that the owners, developers, and builders of 82 multi-family housing complexes have agreed to make extensive modifications to their properties…

CDC Issues Emergency Order Halting Residential Evictions

September 6, 2020

On September 4, 2020, the Centers for Disease Control and Prevention (CDC) published an Agency Order for a Temporary Halt in Residential Evictions to Prevent the Further Spread of COVID-19. This order is issued under Section 361 of the Public…

Claiming Credit Without an 8609 – Impact of the Centralized Partnership Audit Regime

September 5, 2020

The Bipartisan Budget Act of 2015 created the Centralized Partnership Audit Regime (CPAR). This created a new process for amending or making changes to certain federal partnership tax returns for effective years beginning after December 31, 2017. As a result,…

Court Decision Restates Owner’s Right to Information Relating to Accommodation Request

August 30, 2020

A recently decided Indiana case once again makes it clear that landlords have the right to request certain information to determine that an accommodation request for a disabled person is both reasonable and necessary due to the disability of the…

Mandated Mask Wearing in Apartments Must be in the Form of a Written Policy

August 29, 2020

More and more apartment owners and managers are considering mandating the wearing of masks for residents, guests, and others in common areas of apartment communities. While such a policy makes good sense from a public health perspective, it cannot be…

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