LIHTC Guide
Nov 9, 2019
Virtually all affordable housing programs, including Section 8 and the Low-Income Housing Tax Credit (LIHTC), require that the lessees of the unit use apartments being rented under the applicable pro...
Nov 3, 2019
While federal and state fair housing law does not ban discrimination based on military or veteran status, many state and local governments do. However, disabled veterans are protected (as is any disa...
Oct 27, 2019
The determination of income for affordable housing developments (e.g., HUD/Rural Development/ LIHTC) depends on whether a household member is an "adult" or a "dependent," as defined by HUD regulation...
Oct 20, 2019
Since its introduction in June 2019, the Affordable Housing Credit Improvement Act has garnered more support and co-sponsorships from Congressional members. If enacted into law, the legislation w...
Oct 11, 2019
The federal government announced on October 10, 2019 that the Social Security Cost of Live Adjustment (COLA) for 2020 will be 1.6%. This increase will provide an additional $24 per month for th...
Oct 9, 2019
The National Council for State Housing Agencies (NCSHA) has released updated model compliance forms for housing credit developments. Virtually all Housing Credit agencies (HCAs) require Housing Credi...
Sep 22, 2019
HUD published a proposed rule implementing The Housing Opportunity Through Modernization Act of 2016 (HOTMA) in the federal register on September 17, 2019. HOTMA was enacted on July 29, 2016. This ru...
Sep 22, 2019
The Fair Housing Act (FHA) applies to "dwellings." This raises the technical issue of what a dwelling is. The answer is not as simple as one may think. The statute s definition of a dwelling inc...