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

Revised 2013 Section 8 and MTSP Income Limits Released

(Update 12/26/13) The 2014 income limits have been released. More information can be found here. HUD has revised and released the 2013 income limits. These new income limits supersede the limits re...

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GAO Study of HERA and the LIHTC Program

As required by the Housing and Economic Recovery Act of 2008 (HERA), the General Accountability Office (GAO) of Congress has conducted a study of the impacts of HERA on the Low-Income Housing Tax Cred...

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Setting Up a Home Visit Program

One of the best practices to assist a management company in determining whether an applicant will be a good resident is a home visit program. Before considering the establishment of such a program, ma...

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Generally Allowable Medical Expenses

Generally Allowable Medical Expenses   The rent calculation for many affordable housing programs, including HUD Section 8 and Rural Development Section 515, is based on the adjusted incom...

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IRS Publishes Sandy Disaster Relief Notice

Low-Income Housing Credit Disaster Relief for Hurricane Sandy   The IRS issued Revenue Notice 2012-68 on November 5, 2012, effective after October 22, 2012, providing emergency housing relief a...

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Sign Posting Requirements

Every few years I like to remind clients of the various requirements relating to the sign posting requirements for companies in the property management business. Failure to post the signs can cost as ...

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HUD Publishes Revised REAC Scoring Protocol

HUD has made a number of changes in the way REAC inspections will be scored, beginning with inspections on or after January 1, 2013. The changes are noted in Compilation Bulleting Revision 2.3.  ...

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HUD Implements New Rental Assistance Demonstration Program

On July 26, 2012, HUD published a Final Notice in the Federal Register implementing the Rental Assistance Demonstration (RAD) Program. The program offers new opportunities to public housing agencies a...

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