Lisa Goulet didn’t set out to become a housing manager. But her path led her to NCHM's Registered Housing Manager designation, and today she is a successful portfolio manager in San Diego. Click above to hear her story.
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By Jo Ikelheimer, MA, RHM, Director of LIHTC Compliance
IIn what has become an annual ritual for many of us in the affordable housing industry, I joined state housing finance agency staff, consultants, investors, and other stakeholders in Washington, DC last month for the National Council of State Housing Agencies’ HFA Institute. While there was much buzz about the new administration and questions about its intentions regarding federal affordable housing programs, there was also plenty of discussion about other issues facing our industry. Here's my run-down:
HOME and Housing Trust Fund (HTF):
By Glenn Stevens, NCHM President
There has been a lot of discussion lately about reducing overThere has been a lot of discussion lately about reducing overly complicated and even unnecessary regulations within the federal government. It goes without saying that our industry is pretty darn regulated. I suppose the question of the hour is, are we too regulated? And if so, what regulations could we do without?
The HUD Handbook 4350.3 is 794 pages – a pretty daunting ream of paper for a seasoned veteran, and a veritable nightmare for a newcomer. (By the way, you can find the Paperwork Reduction Act Certification on page 30.) If your property has tax credits, add at least another 200 pages of rules to the pile on your or your manager's desk. That's over a thousand pages of rules and regulations that must currently be followed to successfully comply with just your occupancy function. Add the myriad of other requirements and you're probably talking about at least another thousand pages.