RHM path leads to thriving career

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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Does your property have a 'hurricane shelf'?

Paul Votto

As I write this article, our nation is still trying to recover from back-to-back-to-back disasters – two natural and one man-made. In the span of six weeks, we experienced two devastating hurricanes and the deadliest mass shooting in US history. While we grieve for those affected, we also have a professional responsibility to consider whether we would be prepared if a serious emergency impacted one of our properties.

I remember as a boy growing up in Miami in the late 50s/early 60s, my parents had a shelf in our utility room that we called the "hurricane Shelf." It contained an assortment of canned foods (and a manual can opener; no pop-tops back then); flashlights, batteries, candles, hurricane lanterns, cans of Sterno for cooking, and other provisions. I recall our family using the supplies only two or three times over the course of 10 or 15 years, but my parents always made sure it was freshly stocked.

Today, as housing professionals, we need a hurricane shelf with a lot more on it. I don't mean a literal shelf (although in some cases, that is appropriate). I mean a well-thought-out plan for responding to any emergency that might occur. Here are just some of the things that should be considered:

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LIHTC relief offers shelter from the storms

Jo Ikelheimer

By Jo Ikelheimer, MPA, RHM, Director of LIHTC Compliance

In light of the three major hurricanes and other natural disasters that have occurred in the U.S. this year, I am happy to write about a piece of good news in the form of Revenue Procedure 2014-49, which provides temporary relief for LIHTC owners from certain requirements of Section 42 after the president has declared a major disaster.

Among the revenue procedure's provisions are that timelines for carryover allocations and compliance reviews may be extended by state agencies; that projects are not subject to recapture during the restoration period; and that the first year of credit period may be extended for up to 25 months following the declaration. One of the most significant stipulations for management purposes, however, is that state agencies may give owners permission to house displaced individuals for up to a 12-month period following the declaration and disregard their income for that time.

A displaced individual is an individual who is displaced from his or her principal residence as a result of a major disaster, and whose principal residence was located in a major disaster area designated as eligible for individual assistance by FEMA ...

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