Certification, Compliance, Feature, Income Calculations, Maintenance, Rents, Verification

Certification, Compliance, Feature, Income Calculations, Maintenance, Rents, Verification

Create Disaster Preparedness Plan to Protect Site, Residents

December 21, 2023    

We give you 6 guidelines to follow.

 

 

A definite plan to deal with potential disasters at your site is an important element of providing a safe environment for your staff and residents. The U.S. is experiencing more frequent and intense weather- and climate-...

IRS Increases Standard Mileage Rates for 2024

December 21, 2023    

The IRS recently issued Notice 24-08, which contains the 2024 standard mileage rates used to calculate the deductible costs of operating an automobile for business, charitable, medical, or moving purposes.

With the recent notice, the 2024 business standard mileage rate is increasing to 67...

HOTMA Spotlight: Track Annual Inflationary Adjustments and Passbook Rate

November 29, 2023    

Prepare for how these annual changes will affect income, asset, and eligibility determinations.

 

 

Low-income housing tax credit law requires site owners to use HUD’s Section 8 rules regarding income calculations. According to Treasury Regulations §1....

HUD Offers New NSPIRE Inspection Checklist

November 29, 2023    

Use the checklist to prepare your site for inspection under NSPIRE.

 

 

5 Tips to Combat Rising Insurance Costs

October 30, 2023    

As Congress considers reforms, sites may need to take action now to limit the financial strain.

 

 

As a site owner or manager, you understand the severe financial consequences that can result from things beyond your control, such as a loss due to fire, flood,...

HUD Delays HOTMA Implementation for Multifamily Housing

October 30, 2023    

HUD recently issued Notice H2023-10 that provides guidance to multifamily housing owners regarding the implementation of the many program changes brought about by the Housing Opportunity Through Modernization Act of 2016 (HOTMA). The recent notice makes implementation changes for sections 102...

SSA Announces Modest Cost-of-Living Adjustment for 2024

October 30, 2023    

The upcoming increase is below adjustments for the previous two years.

 

 

How to Verify, Determine Income from Real Estate Investments

September 29, 2023    

We’ll explain how to treat real estate when calculating a household’s income and assets.

 

 

The regulations for the tax credit program require site owners to use the rules found in HUD Handbook 4350.3 to calculate the annual income of applicants and...

Ask 10 Questions Before Choosing a Mold Remediation Contractor

September 29, 2023    

Hiring the wrong remediator can make the problem worse—and more costly.

 

 

HUD Charges Owner with Disability Discrimination

September 29, 2023    

The case shows how mishandling situations involving assistance animals could cost you.

 

HUD recently charged an owner with violating the Fair Housing Act by refusing a resident’s request for a disability-related reasonable accommodation to keep an assistance animal...

How to Handle Inconsistencies that Turn Up During Recertification

August 31, 2023    

An income discrepancy could trigger the NAU rule and jeopardize your site’s tax credits.

 

 

HUD Releases Final NSPIRE Scoring, Administrative Procedures Notices

July 28, 2023    

We highlight the noteworthy changes and clarifications in both notices.