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Oct 22, 2022

Court Rules That Acceptance of Voucher May be Reasonable Accommodation

In Arnold v. Elmington Property Management, LLC, the U.S. District Court for the Northern District of Alabama ruled that a landlord should grant as a reasonable accommodation its acceptance of Sectio...

Oct 15, 2022

IRS Provides Unexpected Extension of COVID Relief

The IRS has published Notice 2022-52, providing unexpected extensions to HFAs and LIHTC properties due to the COVID pandemic. The relief has been granted due to unavoidable labor and supply-chain ...

Oct 14, 2022

Significant Improvements in Final Average Income Regulation

The IRS released final and temporary regulations on the Low-Income Housing Tax Credit Average Income Test Regulations on October 7, 2022. The regulation is now in effect. In general, these substan...

Oct 13, 2022

Social Security COLA - 2023

The federal government announced on October 13, 2022, that the Social Security Cost of Live Adjustment (COLA) for 2023 will be 8.7%, which is the largest increase since 1981. This increase will provi...

Oct 11, 2022

Social Security COLA is Expected to be Announced on October 12 or 13.

The annual Cost of Living Adjustment (COLA) for Social Security should be announced no later than October 13 and based on the inflation rate to date, may be as high as 8.7%. It's likely to be the ...

Oct 11, 2022

A. J. Johnson Joins Mid-Atlantic AHMA for Fall Conference on Affordable Housing

A. J. Johnson will be participating in the Mid-Atlantic Affordable Housing Management Association Fall Conference on Affordable Housing in November 2022. The Conference will be held from November 15-...

Oct 8, 2022

IRS Issues Final Average Income Regulation

On October 7, 2022, the IRS published final and temporary regulations on the average income set aside for the LIHTC program. A quick review of the regulation indicates that the "cliff test" has been ...

Oct 3, 2022

A. J. Johnson Partners with CHFA on Live Webinar - What Happens After an 8823 is Issued?

A.J. Johnson will be presenting 8823s - What Happens After They Are Sent to the IRS on October 20, 2022, at 11:00 AM (EST). This class will be offered through Colorado Housing and Finance Authority ...