LIHTC Guide
Jan 31, 2020
On January 29, 2020, the IRS released Revenue Ruling 2020-4. This ruling outlines the requirements for determining the designated income limits under the Average Income (AI) Minimum Set-Aside. The...
Jan 25, 2020
When households receiving federal rental assistance - such as Section 8 - receive more assistance than they are entitled to based on their income, the residents are required to repay the excess amoun...
Jan 20, 2020
The IRS has issued the mileage rates for 2020, including the rate for miles driven for medical purposes. This is an important rate for Section 8 and Rural Development Properties since elderly househo...
Jan 5, 2020
Just before adjourning for the Christmas/New Year holiday, Congress included, and the President signed, the Setting Every Community Up for Retirement Enhancement (SECURE) Act in the federal governmen...
Jan 4, 2020
In most cases, HUD projects are required to maintain waiting lists. A waiting list is a formal record of applicants for housing assistance that identifies the applicant s name, date and time of app...
Jan 1, 2020
In 2020, 21 states will increase their minimum wage requirements for workers beginning January 1, 2020 and Connecticut, Nevada, and Oregon (and possibly Delaware) will have increases later in the yea...
Dec 30, 2019
There is an affordable housing crisis in the United States - of that there is no doubt. The reasons for the crisis are well known: a lack of will at the national level to provide necessary funding; a...
Dec 21, 2019
On November 22, 2019, the Department of Housing & Urban Development (HUD) published the Operating Cost Adjustment Factors (OCAF) for 2020. These factors apply to project-based assistance contract...