LIHTC Guide
Feb 18, 2017
Determining the Income of Independent Contractors It is becoming more and more common for managers of affordable housing to have to verify the income of "gig" workers. Sometimes called "g...
Feb 14, 2017
VAWA Deadline Reminders As I noted in a prior client memo, HUD has released four Model forms for use on HUD properties to ensure compliance with requirements of the Violence Against Women...
Feb 12, 2017
IRS Regulation 1.42-5 states that the requirement to verify the income of a low-income resident with a Section 8 voucher at a tax credit property is satisfied "if the public housing authority provides...
Jan 12, 2017
HUD published Notice H 2016-18 on December 30, 2016, "Implementation of the CNA e Tool: Automating Capital Needs Assessments (CNA), and Related Policy Changes." The Notice introduces new Capi...
Jan 8, 2017
The cost of implementing the VAWA 2013 requirements can be significant. The HUD final rule provides guidance on who will bear the cost of implementation. One issue is who bears the cost if a proper...
Jan 4, 2017
Managers of affordable housing properties spend a good deal of their time verifying and calculating income. All managers are aware that most workers must be paid a minimum wage (some workers are exemp...
Jan 2, 2017
On December 27, 2016, the IRS issued Notice 2016-77. This Notice relates to the issue of satisfying the required Qualified Allocation Plan (QAP) preference relating to Community Revitalization Plans. ...
Jan 2, 2017
The National Defense Authorization Act of 2017 has been signed into law by President Obama and effective January 1, 2017, all active duty and active reservists will receive an increase of 2.1% in bas...