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Stay informed with the latest news and updates regarding the affordable housing industry.

Medical Marijuana Presents Management Challenges

As of April 2014, 21 states and the District of Columbia have legalized medical marijuana, and two states - Washington and Colorado - have legalized recreational use of marijuana. This creates a numbe...

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HUD Leadership Change

President Obama has nominated San Antonio Mayor Julian Castro to be the next Secretary of Housing & Urban Development. Castro will replace Shaun Donovan, who has been HUD Secretary since the elect...

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HUD Updates List of Federally Mandated Income Exclusions

HUD is required to periodically publish in the Federal Register a notice that lists amounts specifically excluded by any Federal Statute from consideration as income for purposes of determining eligib...

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Hobby vs. Self-Employment

As managers of affordable housing, we are often faced with applicants and residents who refer to themselves as self-employed, but are unable to adequately document their income. Such individuals...

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VAWA Model Emergency Transfer Plan for RD Multifamily Housing Projects

On February 10, 2014, the Rural Development Service issued Administrative Notice (AN) No. 4747 (1944-N), titled Implementation of 42 U.S.C. 14043-e 11 of the Violence Against Women (VAWA) Reauthori...

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Say No to Voluntary MORs

42 States still do not have approved Performance Based Contract Administrators (PBCAs) for the review of Section 8 properties. PBCAs in these states have no authority to conduct any type of Management...

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Promise Zones Offer Potential for Affordable Housing

In the 2013 State of the Union address, the President announced the creation of Promise Zones. (PZ) The goal of these zones is to provide a mechanism for a partnership between the federal govern...

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Failure to Spot Unauthorize Occupants Can Lead to HUD and IRS Problems

A recent court case (Matthews v. Housing Authority of Baltimore City, March 2014) shows the importance of keeping track of who is living in your HUD assisted or tax credit units. Both HUD and the IRS ...

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