Feature
April 30, 2024
Broken air conditioners are a red flag to NSPIRE inspectors.
Keeping your residents cool and comfortable in the summer should be one of your top priorities. If summer hits before you’re prepared and your air-conditioning system breaks down, you risk angering residents who will...
Income Calculations
April 30, 2024
You must implement the new limits no later than May 16, 2024.
In the News
April 30, 2024
And the investment cap increased this year.
The Federal Housing Finance Agency (FHFA) recently released its annual Housing Mission Report. An independent agency established by the Housing and Economic Recovery Act of 2008 (HERA), the FHFA is responsible for the effective supervision,...
In the News
April 30, 2024
They’ll get an additional $8.2 million in unused federal LIHTC carryovers.
Feature
March 29, 2024
This year marks the 56th anniversary of the Fair Housing Act (FHA), enacted by Congress on April 11, 1968. The FHA has been amended several times and now prohibits housing discrimination based on race, color national origin, religion, sex (including gender identity and sexual orientation),...
Verification
March 29, 2024
As a LIHTC site owner or manager, it’s important to be aware of Housing Opportunity Through Modernization Act (HOTMA) provisions since the legislation deals with reforms to the Section 8 Housing Choice Voucher program. And although the HOTMA legislative text or HUD regulations concerning...
Dealing with the IRS
March 29, 2024
The ruling reverses a longstanding Technical Advice Memorandum the IRS issued in 2000.
The U.S. Tax Court recently held that a developer properly included in its “eligible basis,” for purposes of computing the low-income housing tax credit, its financing costs incurred in...
In the News
March 29, 2024
The Biden administration recently released a fact sheet announcing new proposals to “Lower Housing Costs for Working Families.” The fact sheet was released in advance of President Biden’s State of the Union address, which committed efforts to bring housing costs down while...
In the News
March 29, 2024
The IRS recently published Notice 2024-12 with the population figures used to calculate the calendar year 2024 LIHTC and private activity bond limits for all 50 states; Washington D.C.; and U.S. territories.
Feature
February 26, 2024
Four new types of income will no longer impact eligibility calculations.
Specific sources of income are excluded by federal statute from consideration as income for purposes of determining eligibility for, or benefits in, a HUD program. By extension, these income exclusions also apply...
