Latest News

News & Insights

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

HUD Raises Civil Penalty for Failure to Disclose Lead-Based Paint Hazards

HUD has raised the maximum penalty for failure to disclose lead-based paint hazards from $11,000 to $16,000. This is the first increase since 1996. A final rule increasing the penalty goes into effect...

Read full story

Congress Unveils New Section 8 Proposals

The House Housing Subcommittee has released a modified version of an earlier Section 8 Voucher Reform proposal, and chances for passage this year look to have improved over what they were earlier. Th...

Read full story

HUD Provides Guidance Regarding The Counting Of Cents In Income

The Department of Housing & Urban Development recently issued a clarification regarding whether or not to count the cents that show up as part of the gross amount of Social Security income on So...

Read full story

HUD Streamlining Inspection & Subsidy Layering Review of LIHTC Properties

HUD is launching two pilot programs to test the feasibility of streamlined physical inspections and subsidy layering reviews for projects with low-income housing tax credits and rental assistance. Th...

Read full story

IRS Hardens Position on Loss of Credits for Violation of Rent Limits Due to Utility Allowance Errors

During a meeting of the National Council of State Housing Finance Agencies (NCSHA) in June, an IRS official made it clear that violation of Section 42 gross rent limits because of a utility allowance ...

Read full story

New York Congressman Introduces Bill Excluding Military Housing Allowance from Income for LIHTC Properties

On June 2, 2011, Congressman Bill Owens of New York introduced legislation that would exclude the military Basic Allowance for Housing (BAH) from income for eligibility purposes for properties operati...

Read full story

HUD Makes it Clear that LIHTC Compliance Monitoring Fees are Includable in Section 8 Budgets

In a May 31, 2011 memo to field offices, HUD reiterated, Projects with low income housing tax credits may include in their budgets the cost of the annual compliance reports (a.k.a. state allocating...

Read full story

No More Paper Checks for Federal Benefits

Paper checks are being phased out for all federal benefit payments. Beginning May 1, 2011, anyone newly applying for Social Security, Veterans benefits or any other federal benefit, will need to choo...

Read full story

Want news delivered to your inbox?

Subscribe to our news articles to stay up to date.

We care about the protection of your data. Read our Privacy Policy.