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...
Section 8 vs. Section 42

Section 8 vs. Section 42

Section 8? Section 42? Section 202 with Section 8? Section 236? These are the short-hand descriptors commonly used in referring to the affordable housing programs in the US. With so many numbers, it can be hard to keep track of what they all mean! The most ubiquitous...
IRS Form 8823 and the 8823 Guide

IRS Form 8823 and the 8823 Guide

For those unfamiliar with the Low-Income Housing Tax Credit Program (LIHTC), the number 8823 may have no particular meaning.  However, if you are involved in the development, ownership or management of properties utilizing this federal affordable housing program then...
HUD Training Explained

HUD Training Explained

There are many different kinds of training related to programs offered by the US Department of Housing and Urban Development (HUD). The National Center for Housing Management (NCHM) offers training primarily geared to those who currently work for organizations...
Become a Certified Occupancy Specialist

Become a Certified Occupancy Specialist

Certified Occupancy Specialist (COS) is the most sought-after professional credential in the affordable housing industry. Many property management companies, governmental agencies, and other employers involved in affordable housing prefer and, often require, that...
HUD Rises to the Occasion with COVID-19 Response

HUD Rises to the Occasion with COVID-19 Response

Recently I was privileged to join a group of national housing leaders on a special HUD Stakeholder Conference Call with Vice President Mike Pence, Secretary Ben Carson and Assistant Secretary Brian Montgomery regarding HUD’s response to the coronavirus pandemic. All...