NCHM Launches Verified Employer Registry

NCHM Launches Verified Employer Registry

After nearly 50 years of existence, most housing professionals, particularly those in the affordable housing world, know the National Center for Housing Management as the leading organization for training and certification. While the Presidential Executive Order that...
HUD Releases 2021 Income Limits

HUD Releases 2021 Income Limits

On April 1, 2021, HUD released new income limits for applicable rental housing programs.  Both the HUD and MTSP limits can be found at: https://www.huduser.gov/portal/datasets/il.html For the HUD programs, the income limits were effectively immediately and should be...
Determining HUD’s Imputed Interest Rate

Determining HUD’s Imputed Interest Rate

When projecting Annual Income to determine eligibility and tenant rent for the HUD affordable housing programs, PHAs and Owner/Agents must consider imputed income from the assets when the combined total of all family assets exceeds $5,000. The rule states: When net...
HUD re-starts MORs

HUD re-starts MORs

HUD has announced that Performance Based Contract Administrators (PBCAs) and HUD field offices can resume Management and Occupancy Reviews (MORs) in areas where state or local laws do not restrict them, according to a June 23, 2020 Memorandum released by HUD’s...
IRS Provides Section 42 COVID-19 Relief

IRS Provides Section 42 COVID-19 Relief

On July 1, 2020, the Internal Revenue Service published IRS Notice 2020-53, which provides temporary relief to owners of Section 42 Low-Income Housing Tax Credit (LIHTC) properties due to the COVID-19 pandemic.  The Notice extends previously postponed due dates for...