LIHTC Guide
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Apr 24, 2015

Federal Preemption of State Landlord-Tenant Law

A recent ruling by the Wisconsin Supreme Court reaffirms the constitutional doctrine of Federal preemption. In Milwaukee City Housing Authority v. Cobb, March 2015, the Milwaukee Authority sued to evi...

Apr 11, 2015

Verification of Social Security and Supplemental Security (SSI) Payments

Verification of Social Security and Supplemental Security Income (SSI) Payments   Managers of affordable housing properties (e.g., Section 8, LIHTC, Section 515, etc.) often struggle with the v...

Apr 4, 2015

HUD Notice Grants Authority to Transfer Rental Assistance, Debt, Use Restrictions Between Projects

On March 31, 2015, HUD published a Notice in the Federal Register establishing the conditions under which HUD will approve a request for the transfer of project-based rental assistance, debt held or i...

Mar 30, 2015

HUD to Publish Proposed VAWA Regulation

HUD Secretary Julian Castro announced on March 25, 2015 that HUD s proposed regulation implementing the Violence Against Women Act of 2013 (VAWA 2013) will shortly be published in the Federal Regist...

Mar 28, 2015

Understanding Military Income and Allowances

I get many questions from managers regarding how to deal with and verify income for members of the military. Understanding the military pay system is confusing even for those in the military; it can b...

Mar 22, 2015

Employee Unit Rent

As I indicated in a memo I sent to clients on November 7, 2014, the IRS will not consider the charging of rent or utilities for employee or security officer units to be an audit issue. This position i...

Mar 14, 2015

Davis-Bacon Requirements for Project Based Vouchers

HUD issued a Notice in the March 9, 2015 Federal Register providing further guidance on when Davis-Bacon wage requirements may apply to existing housing developments. This guidance relates to the fina...

Mar 7, 2015

2015 Income Limits

On March 6, 2015, HUD published the 2014 income limits for HUD programs as well as for the Low-Income Housing Tax Credit and Tax-Exempt Bond programs. The limits for the LIHTC and Bond projects are pu...