We use cookies to provide you with a better experience. By continuing to browse the site you are agreeing to our use of cookies in accordance with our Cookie Policy.
In response to receiving a significant increase in resident complaints regarding lease non-renewal, lack of good cause eviction, and other termination of tenancy, Ohio’s Office of Program Compliance recently revised the Low-Income Housing Tax Credit Lease Addendum currently used at LIHTC sites. The revised lease must be used by owners and property managers effective Jan. 1, 2016. For residents that are in place prior to Jan.
According to an analysis recently released by the New York Federal Reserve, it looks like rent increases have been highest for those least able to pay. According to the data, for the highest rents in the U.S., rents didn’t change much between 2011 and 2013. For units with the lowest rents in the U.S., places where the poorest Americans live, average rent inflation was 15.9 percent per year.
Don’t jump to the conclusion that a household has abandoned its unit just because you haven’t seen members of the household for a while and none of the members told you they were vacating early.
The Social Security Administration recently announced that with consumer prices down over the past year, monthly Social Security and Supplemental Security Income (SSI) benefits for nearly 65 million Americans will not automatically increase in 2016.
Q:A resident who is hard of hearing recently moved into your site and asks you to install visual smoke detectors in her unit. Since all your units are equipped with conventional smoke detectors, you should grant her request. True or false?
The Congressional Budget Office (CBO) recently released a report discussing the ways in which the federal government provides housing assistance to low-income households. It examined how that assistance has changed since 2000, and provided information about the households that receive assistance. In addition, the report assessed policy options for altering that assistance.
HUD recently issued its proposed fair market rents, or FMRs, for fiscal year 2016. In general, the FMR for an area is an amount that would be needed to pay the rent and utilities of a privately owned, decent, and safe rental housing unit of a modest nature with suitable amenities. HUD is required to publish the FMRs at least annually to be effective on Oct. 1 of each year.
Members of Louisville’s Kentucky Legislature delegation are pushing for legislative hearings on why the city has gotten less funding through federal Low-Income Housing Tax Credits than other parts of the state.
The credits are distributed annually by the Kentucky Housing Corporation. Distribution of the credits is tracked by congressional district, each of which has roughly the same population.
According to charges recently filed in Miami federal court, two principals of the Miami-based Carlisle Development Group, once the state’s biggest developer of affordable housing, stole tens of millions of dollars in U.S. government subsidies by inflating construction costs and receiving kickbacks from contractors. According to prosecutors, they even set up shell companies to collect the illicit payments secretly.
A report from the Government Accountability Office (GAO) suggests that a joint administration between the IRS and HUD would benefit the LIHTC program. The report suggests that the IRS currently lacks appropriate resources to engage in more than minimal oversight of the program. It notes that, since 1986, the IRS has conducted seven audits of 56 state housing finance agencies (HFA) on which the IRS relies to administer and oversee the program.
RSS