Compliance

Compliance

Record Retention Requirements to Keep in Mind When Spring Cleaning

April 27, 2023    

The spring season’s warm weather and rainy days may motivate you to conduct a thorough spring cleaning of your office files. But before you clean out your file cabinets or declutter your computer files, it’s important to review the LIHTC program’s recordkeeping and retention...

HUD Publishes Fact Sheet on Assistance Animals and Fair Housing

January 31, 2023    

HUD’s Office of Fair Housing and Equal Opportunity recently published a fact sheet to educate housing providers and persons with disabilities who seek reasonable accommodations related to assistance animals. The fact sheet can be found at...

5 Tips for Dealing Correctly with Different Unit Types

January 2, 2023    

When complying with the tax credit law, you must follow different rules depending on which of the five types of tax credit units you’re dealing with. But tax credit managers often get confused about which rules apply to which type of unit, or even about how each unit type differs. If this...

IRS Extends Placed-in-Service and Other COVID Relief Deadlines

October 31, 2022    

In an announcement made in early October, the Biden administration announced key progress on implementing its Housing Supply Action Plan. The plan aims to create and preserve hundreds of thousands of affordable housing units in the next three years and help close the country’s critical...

Comply with State, Local Fair Housing Laws that Go Beyond Federal Law

May 27, 2022    

Federal fair housing law bans owners and managers from discriminating against prospects and residents based on race, color, national origin, religion, sex, disability, and familial status. But most states and many municipalities have fair housing laws that ban owners and managers from...

How to Respond to Sexual and Other Discriminatory Harassment Complaints

March 31, 2022    

Sexual harassment in housing is illegal, as is harassment based on race, color, religion, national origin, familial status, or disability. The Fair Housing Act prohibits harassment, retaliation, and other types of discrimination based on these protected characteristics.

How to Avoid 3 Tax Credit Problems with Granting Unit Transfer Requests

December 28, 2021    

Households may seek to transfer to different units at a site for various valid reasons. There may be a change in household composition. A household may seek a unit with additional bedrooms due to additional members joining the household. Or a member with a disability may seek a transfer because...

4 Tips to Avoid Penalties for "Commingling" Residents' Security Deposits

July 29, 2021    

While collecting security deposits can provide financial protection to site owners from residents who cause property damage, security deposits can also become a liability to them if they aren’t handled properly. Owners must be careful about where they keep the money residents give them as...

How to Avoid Discrimination Claims from LEP Individuals

June 24, 2021    

National origin discrimination often involves individuals with limited English proficiency (LEP).

 

The tax credit rules make clear that if any units at your site aren’t “for use by the general public,” those units aren’t eligible for tax credits. To...

IRS Helps First-Year Owners Avoid the Two-Thirds Rule

March 26, 2021    

In January, the IRS issued Notice 2021-12 granting relief for various LIHTC requirements. Among the relief provided, the notice extended the deadline for a LIHTC site to meet its first-year occupancy obligations from Dec. 31, 2020, to June 31, 2021, for sites operating on a calendar-year basis....

Texas Storm Recovery: How to Take Advantage of LIHTC Disaster Relief

February 26, 2021    

The recent winter storm that battered Texas left many of the state’s residents in dire situations. In the aftermath of the storm, a mass power outage left more than 4 million Texas residents in the dark and cold for days. And as power and heat was restored, the thawing ice exposed broken...

How to Tap Funds in the Emergency Rental Assistance Program

January 28, 2021    

We explain how renters and owners can access the $25 billion assistance to cover past-due rents.

 

On Dec. 27, 2020, the Consolidated Appropriations Act, the year-end omnibus legislation that includes appropriations for all federal departments and agencies, tax provisions,...