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A. J. Johnson
926 posts

Zillow Home Sales Draw Congressional Scrutiny

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A. J. Johnson
Zillow’s plans to sell a large portfolio of single-family homes to institutional investors is drawing attention from Congress. Senators Tina Smith (D-MN) and Sherrod Brown (D-OH) are raising concerns that these investors will turn the homes into rental properties –…

HUD Awards $20 Million for Eviction Protection and Diversion

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A. J. Johnson
In a first-of-its-kind action, the Department of Housing & Urban Development (HUD) has awarded $20 million in grants from its Eviction Protection Grant Program. These grants are being awarded to legal service providers to assist their efforts in providing legal…

Massive Pandemic Evictions Fail to Materialize

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A. J. Johnson
When the COVID-19 pandemic began in March 2020, many housing experts predicted a wave of pandemic-related evictions from our nation’s apartments. There were predictions that as many as 40 million people would be put out of their homes. The wait…

A. J. Johnson to Offer Average Income Live Webinar

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A. J. Johnson
A. J. Johnson will be conducting a webinar on January 26, 2022, on Requirements & Best Practices Relating to the Average Income Minimum Set-Aside for LIHTC properties. The Webinar will be held at 1:00 PM Eastern Time. The Average Income…

IRS Extends COVID-19 Relief for LIHTC and Tax-Exempt Bond Properties

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A. J. Johnson
On Friday, January 14, 2022, the IRS will release a notice (2022-05) extending widespread temporary relief from certain requirements for low-income housing tax credit (LIHTC) financed and private activity tax-exempt bond-financed properties due to the COVID-19 pandemic. Extended relief will…

Expected 2022 Minimum Wage Changes

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A. J. Johnson
In 2022, 20 states will have new minimum wage rates. Many of the changes will take place on January 1 but some states make the change on July 1 while other states increase rates on odd schedules, such as Connecticut,…

IRS Issues Revenue Ruling on 4 Percent Tax Credit Floor

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A. J. Johnson
The IRS has issued Revenue Ruling 2021-20, providing clarity on when taxpayers may claim the fixed four percent credit for properties with tax-exempt bonds. The IRS addressed three separate issues relative to the 4% credit: Does the minimum 4% applicable…

Progress Still Lacking in Distribution of ERAP Funds

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A. J. Johnson
The National Low Income Housing Coalition (NLIHC) has released findings from the organization’s latest survey of state use of funding from the federal Emergency Rental Assistance Program (ERAP). As of late September, of the approximately $25 billion made available by…

HUD Provides Fair Housing Funding to 51 Agencies

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A. J. Johnson
On November 3, 2021, the Department of Housing & Urban Development (HUD) awarded $13.6 million in American Rescue Plan (ARP) funding to enable 51 HUD Fair Housing Initiatives Program (FHIP) agencies to conduct a wide range of fair housing enforcement,…

A 2023 Reduction in Income Limits is Possible

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A. J. Johnson
The Census Bureau has announced that it will not release a one-year American Community Survey (ACS) for 2020. Without this survey, the Department of Housing & Urban Development (HUD) will almost certainly be restricted to the use of the five-year…

California City Settles Claim of Discrimination Against Farmworkers

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A. J. Johnson
HUD has reached a Voluntary Compliance/Conciliation Agreement with the City of Santa Maria, CA, resolving allegations that the city’s enactment and enforcement of restrictions on housing for certain farmworker visa-holders in residential areas of the city violated the Fair Housing…

Social Security COLA – 2022

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A. J. Johnson
The federal government announced on October 13, 2021, that the Social Security Cost of Live Adjustment (COLA) for 2022 will be 5.9%, which is the largest increase since 1982 when the increase was 8.7%.  This increase will provide an additional…

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Guidance

The Professional Property Manager's Guide to the Low Income Housing Tax Credit

An easy to understand and in-depth guide written by a nationally recognized leader in affordable housing compliance, A. J. Johnson.


The Professional Property Manager's Guide to the Violence Against Women Act

Designed to provide professionals in the affordable housing industry with an easy to understand reference manual for issues related to VAWA.

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