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A. J. Johnson

A. J. Johnson

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HOTMA Makes Significant Changes to the Handling of Interim Reexaminations at HUD Properties

November 26, 2023

Introduction The U.S. Department of Housing and Urban Development (HUD) has released Notice H 2013-10, which expands upon the Final Rule for implementing the Housing Opportunity Through Modernization Act (HOTMA). This final rule makes significant changes to the way managers…

A. J. Johnson to Host Live Webinar on Interviewing Skills for Affordable Housing Managers

November 26, 2023

A. J. Johnson will be conducting a webinar on December 6, 2023, on Interviewing Skills for Affordable Housing Managers. The Webinar will be held from 1:00 PM to 4:00 PM Eastern time. One of the most important skills any affordable…

HUD Provides Significant Clarification Regarding Income in HOTMA Final Rule

November 19, 2023

Introduction The U.S. Department of Housing and Urban Development (HUD) has released Notice H 2023-10, which expands upon the Final Rule for implementing the Housing Opportunity Through Modernization Act (HOTMA). This final rule provides clarification regarding how income is determined…

A. J. Johnson Partners with Mid-Atlantic AHMA for December Training on Affordable Housing

November 13, 2023

During the month of December 2023, A. J. Johnson will be partnering with the MidAtlantic Affordable Housing Management Association for two live webinar training sessions intended for real estate professionals, particularly those in the affordable multifamily housing field. Following the…

HOTMA Makes Important Changes to the Definition of a “Family”

November 12, 2023

Introduction The U.S. Department of Housing and Urban Development (HUD) has released Notice H 2013-10, which expands upon the Final Rule for implementing the Housing Opportunity Through Modernization Act (HOTMA). This final rule revises the definition of “family” to also…

HOTMA Changes to Deductions and Expenses for HUD Properties

November 11, 2023

Introduction The U.S. Department of Housing and Urban Development (HUD) has released Notice H 2013-10, which expands upon the Final Rule for implementing the Housing Opportunity Through Modernization Act (HOTMA). The publication of this guidance in September 2023 outlined a…

A. J. Johnson to Host Live Webinar on LIHTC Acquisition/Rehab Issues

November 10, 2023

A. J. Johnson will be conducting a 1.5-hour webinar on December 20, 2023, on Critical Issues Relating to the Acquisition and rehabilitation of LIHTC properties. The Webinar will be held at 1:00 PM Eastern Time. This 1.5-hour session focuses on…

HUD Provides Additional Guidance on HOTMA Rules Regarding Calculation of Income

November 5, 2023

Introduction The U.S. Department of Housing and Urban Development (HUD) has released Notice H 2013-10, which expands upon the Final Rule for implementing the Housing Opportunity Through Modernization Act (HOTMA). The publication of this guidance in September 2023 seeks to…

HOTMA Required Revisions to Tenant Selection Plans and EIV Policies and Procedures

November 4, 2023

On October 2, 2023, HUD published a list of Discretionary Policies the owners participating in HUD Multifamily Housing Programs must set in Tenant Selection Plans (TSPs) and EIV Policies and Procedures. These documents must be updated by March 31, 2024.…

A. J. Johnson to Offer Live Webinar on Interviewing Skills for Affordable Housing Managers

October 25, 2023

A. J. Johnson will be conducting a webinar on December 6, 2023, on Interviewing Skills for Affordable Housing Managers. The Webinar will be held from 1:00 PM to 4:00 PM Eastern time. One of the most important skills any affordable…

HOTMA Adds New Income Exclusions

October 22, 2023

HOTMA Adds New Income Exclusions for Affordable Housing Projects Introduction In February 2023, the U.S. Department of Housing and Urban Development (HUD) published the Final Rule implementing the Housing Opportunity Through Modernization Act (HOTMA). Subsequently, on September 29, 2023, HUD…

2024 Social Security COLA Announced

October 16, 2023

The federal government announced on October 16, 2023, that the Social Security Cost of Live Adjustment (COLA) for 2024 will be 3.2%, which is significantly lower than the 8.7% increase for 2023. This increase will provide an additional $50 per…

HOTMA Makes Significant Changes to Asset Rules

October 15, 2023

Navigating Changes in Asset Rules under the HUD Final Rule Implementing HOTMA Introduction In February 2023, the U.S. Department of Housing and Urban Development (HUD) published the Final Rule implementing the Housing Opportunity Through Modernization Act (HOTMA). Subsequently, on September…

HUD Issues New HOTMA Implementation Guidance

October 2, 2023

On September 29, 2023, HUD published Housing Notice 2023-10, Implementation Guidance: Sections 102 and 104 of the Housing Opportunity Through Modernization Act of 2016. The Notice contains implementation guidance for everything but the Section 104 asset limitation. HUD will provide…

HUD Delays NSPIRE Implementation for Certain Programs

September 16, 2023

The U.S. Department of Housing and Urban Development (HUD) has announced an extension of the compliance date for the National Standards for the Physical Inspection of Real Estate (NSPIRE) for select programs to October 1, 2024. This extension is applicable…

A. J. Johnson Partners with Mid-Atlantic AHMA for October Affordable Housing Training

September 12, 2023

During the month of October 2023, A. J. Johnson will be partnering with the Mid-Atlantic Affordable Housing Management Association for a Low-Income Housing Tax Credit (LIHTC) training intended for real estate professionals, particularly those in the affordable multifamily housing field.…

Medical Marijuana – Is It a Fair Housing Issue?

September 9, 2023

Medically prescribed marijuana use is permitted in 37 states and the District of Columbia, specifically for medical purposes. In addition, 18 states (Alaska, Arizona, California, Colorado, Connecticut, District of Columbia, Illinois, Maine, Massachusetts, Michigan, Montana, Nevada, New Jersey, New Mexico,…

GAO Study is Critical of HUD Oversight of the Housing Trust Fund Program

September 2, 2023

The U.S. Government Accountability Office (GAO) was asked by members of Congress to examine the use and oversight of funds from the Housing Trust Fund (HTF) Program. In August 2023, the GAO published its findings in a report titled, “Affordable…

HUD Releases Study on Worst Case Housing Needs

August 27, 2023

The Department of Housing & Urban Development (HUD) has presented a report to Congress titled “Worst Case Housing Needs.” The report provides national data and analyzes the critical problems of low-income renting families. The report primarily draws on data from…

Applicant and Resident Rights Under the Fair Credit Reporting Act

August 26, 2023

Screening for credit and rental history are common in multifamily rental housing – including affordable housing. The Fair Trade Commission recently issued new guidance for owners who use background checks to screen prospective residents. This guidance is intended to assist…

Take Care When Using Artificial Intelligence (AI) for Marketing Purposes

August 20, 2023

There is an emerging trend within the real estate sector involving the utilization of Artificial Intelligence, exemplified by tools like ChatGPT, Bard, Bing, and other similar products commonly referred to as chatbots, all for the purpose of enhancing marketing strategies.…

A. J. Johnson Partners with Mid-Atlantic AHMA for September Affordable Housing Training

August 5, 2023

During the month of September 2023, A. J. Johnson will be partnering with the MidAtlantic Affordable Housing Management Association for two training sessions intended for real estate professionals, particularly those in the affordable multifamily housing field. Both of the sessions…

A. J. Johnson to Conduct Live Webinar on Liability Protection Policies for Affordable Housing Properties

July 22, 2023

A. J. Johnson will be conducting a webinar on August 23, 2023, on Liability Protection Policies for Affordable Housing Properties. The Webinar will be held from 1:00 PM to 3:30 PM Eastern Time. As important as it is to understand…

A. J. Johnson to Conduct Live Webinar on Multifamily Occupancy Standards

July 20, 2023

A. J. Johnson will be conducting a webinar on August 29, 2023, on Occupancy Standards for Multifamily Housing. The Webinar will be held at 1:00 PM Eastern Time and will last approximately one hour. Owners and managers of multifamily housing…

Rural Development Income Limits Released

July 17, 2023

The Rural Development Service of the United States Department of Agriculture has released the 2023 income limits for the Rural Development Multifamily Housing (Section 515) program. The limits were effective on July 13, 2023, and may be found at RD-MFHLimitMap.

A. J. Johnson to Conduct Live Webinar on Average Income Minimum Set-Aside

July 10, 2023

A. J. Johnson will be conducting a webinar on August 10, 2023, on Requirements & Best Practices Relating to the Average Income Minimum Set-Aside for LIHTC properties. The Webinar will be held at 1:00 PM Eastern Time. The Average Income…

A. J. Johnson to Provide Live Webinar on Tenant-on-Tenant Harassment and Sexual Harassment in the Workplace

July 9, 2023

A. J. Johnson will be conducting a webinar on July 11, 2023, on Tenant-on-Tenant Harassment and Sexual Harassment in the Workplace. The Webinar will be held from 1:00 PM to 4:00 PM Eastern time. Dealing with tenant-on-tenant harassment is an…

Public Housing Over-Income Rule Must be Fully Implemented by July 14

July 2, 2023

On March 13, 2023, HUD’s Office of Public and Indian Housing (PIH) issued Notice PIH-2023-03, which provides supplemental guidance on the implementation of HOTMA Section 103. This section of HOTMA applies only to public housing agencies (PHAs) with 250 or…

HUD Provides Funding for Green Retrofits

July 1, 2023

A new HUD program will simultaneously invest in utility efficiency, renewable energy generation, and climate resilience strategies in HUD Multifamily Assisted Housing. The funding for the program is provided by the Inflation Reduction Act of 2022 and provides HUD with…

Bipartisan Bill with LIHTC Expansion Introduced in Congress

June 24, 2023

On May 11, 2023, the Affordable Housing Credit Improvement Act (AHCIA) was introduced in both the House and Senate by bipartisan groups of legislators. If passed, the legislation would finance an additional 1.94 million affordable rental units over a ten-year…

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