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HUD Publishes 2023 Income Limits

May 16, 2023

On May 15, 2023, HUD published the 2023 income limits for HUD programs as well as for the Low-Income Housing Tax Credit and Tax-Exempt Bond programs. The limits are effective on May 15, 2023. The limits for the LIHTC and…

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

May 9, 2023

A. J. Johnson

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

How Public/Private Partnerships Increase the Stock of Affordable Housing

April 14, 2023

A. J. Johnson

Some of the most successful affordable housing projects in the United States are the result of public/private partnerships. An integrated approach to affordable housing leads to the most thriving developments. This “integrated approach” amplifies the connective role that housing plays…

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

April 10, 2023

A. J. Johnson

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

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

March 15, 2023

A. J. Johnson

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

Biden Administration Introduces “Renters Bill of Rights”

March 12, 2023

A. J. Johnson

In late January 2023, the Biden administration released a Blueprint for a Renters Bill of Rights. This blueprint describes federal actions around five guiding renter protections: Safe, Quality, Accessible, and Affordable Housing; Clear and Fair Leases; Education; Enforcement and Enhancement…

HOTMA Final Rule – Revised Exclusions to Income

February 19, 2023

A. J. Johnson

The Department of Housing & Urban Development (HUD) has released a Final Rule implementing the Housing Opportunity Through Modernization Act of 2016 (HOTMA). This final rule was published in the Federal Register on February 14, 2023. With the exception of…

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

February 18, 2023

A. J. Johnson

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

HOTMA Final Rule – Overview of Program Changes

February 11, 2023

A. J. Johnson

The Department of Housing & Urban Development (HUD) has released a Final Rule implementing the Housing Opportunity Through Modernization Act of 2016 (HOTMA). This final rule has not yet been published in the Federal Register. Publication in the Federal Register…

HUD Announces Move to NSPIRE Protocol

February 4, 2023

A. J. Johnson

The Department of Housing & Urban Development (HUD) has published a notice that effective April 1, 2023, HUD-assisted sites enrolled in HUD’s NSPIRE demonstration program will change from receiving “advisory” housing safety inspections to receiving “inspections or record.” NSPIRE stands…

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

January 9, 2023

A. J. Johnson

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

Minimum Wage Increases Will Occur in 27 States in 2023

December 30, 2022

A. J. Johnson

In 2023, 27 states will have new minimum wage rates. The federal minimum wage remains unchanged at $7.25 and applies in 20 states. It was last raised on July 24, 2009. Affordable housing managers responsible for determining the income of…

A. J. Johnson Partners with Colorado Housing & Finance Authority to Provide Layered Program Training

December 29, 2022

A. J. Johnson

A.J. Johnson will be presenting Keys to Successful Operation of Layered Projects (Making Deals Work with Multiple Funding Sources) on January 25, 2023, at 11:00 AM (EST). This class will be offered through Colorado Housing and Finance Authority’s chfareach educational programming for…

HUD Offers Additional COVID-19 Supplemental Payments to Multifamily Owners

December 23, 2022

A. J. Johnson

On October 31, 2022, HUD issued Notice H 2022-06, “Continued Availability of Funds for COVID-19 Supplemental Payments for Properties Receiving Project-Based Rental Assistance Under the Section 8, Section 202, or Section 811 Programs.” This permits owners of affected properties to…

The Growing Challenge to Affordable Housing for Seniors

December 12, 2022

A. J. Johnson

There is strong demand for affordable multi-family housing for seniors. One of the programs best suited to meet this need is the Low-Income Housing Tax Credit (LIHTC). However, with the aging of the baby boomers, more seniors are reaching the…

2023 Income Limits Will Be Delayed

December 3, 2022

A. J. Johnson

The U.S. Department of Housing & Urban Development (HUD) normally publishes annual income limits in early April of each year. However, complications with calculating the limits due to COVID-19 will cause a delay in the release of the limits in…

Rural Development Suspends Interim Recertification Requirements for COLA Recipients

November 28, 2022

A. J. Johnson

On November 10, 2022, the Rural Development Service released an Unnumbered Letter granting a temporary exception to tenant recertification requirements. On October 13, 2022, the Social Security Administration announced there will be an 8.7% increase in Social Security and Supplemental…

A. J. Johnson to Offer Last Fair Housing Training of 2022

November 14, 2022

A. J. Johnson

A. J. Johnson will be conducting a webinar on December 28, 2022, on Compliance with Federal & State Fair Housing Requirements. This is A.J.’s last Fair Housing training of 2022 and is a must for individuals required to take fair…

Average Income Final Regulation – Unit Designation Requirements

November 11, 2022

A. J. Johnson

This is the third in my series of articles on the new Average Income Regulation. In this article, I will review the requirements relating to the designation of units. Designation of Imputed Income Limitations and Identification of Units The final…

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

November 8, 2022

A. J. Johnson

During the month of December 2022, A. J. Johnson will be partnering with the MidAtlantic Affordable Housing Management Association for two in-person training sessions intended for real estate professionals, particularly those in the affordable multifamily housing field. Following the in-person…

DC Voucher Discrimination Results in Record Penalty

October 30, 2022

A. J. Johnson

The District of Columbia entered into a consent agreement on October 15, 2022, requiring three real estate firms (Daro Realty, LLC, Daro Management Services, and Infinity Real Estate, LLC) and firm executives to pay a record $10 million in penalties…

Court Rules That Acceptance of Voucher May be Reasonable Accommodation

October 22, 2022

A. J. Johnson

In Arnold v. Elmington Property Management, LLC, the U.S. District Court for the Northern District of Alabama ruled that a landlord should grant as a reasonable accommodation its acceptance of Section 8 Housing Choice Vouchers submitted by a tenant as…

IRS Provides Unexpected Extension of COVID Relief

October 15, 2022

A. J. Johnson

The IRS has published Notice 2022-52, providing unexpected extensions to HFAs and LIHTC properties due to the COVID pandemic. The relief has been granted due to unavoidable labor and supply-chain disruptions delaying the construction, rehabilitation, and restoration of properties throughout…

Significant Improvements in Final Average Income Regulation

October 14, 2022

A. J. Johnson

The IRS released final and temporary regulations on the Low-Income Housing Tax Credit Average Income Test Regulations on October 7, 2022. The regulation is now in effect. In general, these substantive final regulations provide significant flexibility with respect to satisfying…

Social Security COLA – 2023

October 13, 2022

A. J. Johnson

The federal government announced on October 13, 2022, that the Social Security Cost of Live Adjustment (COLA) for 2023 will be 8.7%, which is the largest increase since 1981. This increase will provide an additional $146 per month for the…

Social Security COLA is Expected to be Announced on October 12 or 13.

October 11, 2022

A. J. Johnson

The annual Cost of Living Adjustment (COLA) for Social Security should be announced no later than October 13 and based on the inflation rate to date, may be as high as 8.7%. It’s likely to be the biggest since 1981,…

A. J. Johnson Joins Mid-Atlantic AHMA for Fall Conference on Affordable Housing

October 11, 2022

A. J. Johnson

A. J. Johnson will be participating in the Mid-Atlantic Affordable Housing Management Association Fall Conference on Affordable Housing in November 2022. The Conference will be held from November 15-17, 2022 at the Doubletree Hotel/Midlothian-Richmond in Richmond, VA. The conference will…

IRS Issues Final Average Income Regulation

October 8, 2022

A. J. Johnson

On October 7, 2022, the IRS published final and temporary regulations on the average income set aside for the LIHTC program. A quick review of the regulation indicates that the “cliff test” has been eliminated and owners will have more…

A. J. Johnson Partners with CHFA on Live Webinar – What Happens After an 8823 is Issued?

October 3, 2022

A. J. Johnson

A.J. Johnson will be presenting 8823s – What Happens After They Are Sent to the IRS on October 20, 2022, at 11:00 AM (EST). This class will be offered through Colorado Housing and Finance Authority’s chfareach educational programming for affordable housing property…

A. J. Johnson Partners with Enterprise to Provide LIHTC Training and HCCP Exam

October 1, 2022

A. J. Johnson

On November 1, 2, and 3, A. J. Johnson will be partnering with Enterprise Community Partners for in-person training intended for real estate professionals, particularly those in the affordable multifamily housing field. Following the in-person training sessions, AJ will be…

Information for Your Business

HUD Publishes 2023 Income Limits

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

How Public/Private Partnerships Increase the Stock of Affordable Housing

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

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

Biden Administration Introduces “Renters Bill of Rights”

HOTMA Final Rule – Revised Exclusions to Income

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

HOTMA Final Rule – Overview of Program Changes

HUD Announces Move to NSPIRE Protocol

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

Minimum Wage Increases Will Occur in 27 States in 2023

A. J. Johnson Partners with Colorado Housing & Finance Authority to Provide Layered Program Training

HUD Offers Additional COVID-19 Supplemental Payments to Multifamily Owners

The Growing Challenge to Affordable Housing for Seniors

2023 Income Limits Will Be Delayed

Rural Development Suspends Interim Recertification Requirements for COLA Recipients

A. J. Johnson to Offer Last Fair Housing Training of 2022

Average Income Final Regulation – Unit Designation Requirements

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

DC Voucher Discrimination Results in Record Penalty

Court Rules That Acceptance of Voucher May be Reasonable Accommodation

IRS Provides Unexpected Extension of COVID Relief

Significant Improvements in Final Average Income Regulation

Social Security COLA – 2023

Social Security COLA is Expected to be Announced on October 12 or 13.

A. J. Johnson Joins Mid-Atlantic AHMA for Fall Conference on Affordable Housing

IRS Issues Final Average Income Regulation

A. J. Johnson Partners with CHFA on Live Webinar – What Happens After an 8823 is Issued?

A. J. Johnson Partners with Enterprise to Provide LIHTC Training and HCCP Exam

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