Key Takeaways Section 8 provides direct rental subsidies through HUD, while Section 42 (LIHTC) offers reduced rents funded by tax credits with no direct subsidy. Both programs aim to support affordable housing and use HUD income limits and guidelines, but differ...
Key Takeaways Form 8823 is the tool state agencies use to report LIHTC noncompliance to the IRS, guided by the IRS’s 8823 Handbook to ensure consistent interpretation of Section 42 rules. LIHTC owners are given a correction period of up to 90 days once noncompliance...
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...
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...
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...
Apartment communities across America are changing their maintenance practices in fundamental ways in response to the COVID-19 pandemic. Depending on circumstances, many have increased cleaning of common areas and limited maintenance to the interior of occupied...
Passed into law on March 27, 2020 in response to the COVID-19 pandemic, the Coronavirus Aid, Relief and Economic Security (CARES) Act includes provision for an eviction moratorium on non-payment of rent for most federal housing programs. It limits owners from filing...
The COVID-19 pandemic is impacting property management in many ways, with maintenance at the forefront of challenges. Never has the management of maintenance been more important. For years we have been driving home the point that maintenance management isn’t just the...
MOR stands for “Management and Occupancy Review.” During an MOR, a representative from either HUD or your Contract Administrator (CA) will visit your site and perform an audit of your files and an inspection of your property. The MOR process is a lengthy one: it may...
I am reaching out to you today regarding the rapidly evolving coronavirus (COVID-19) situation and how NCHM is responding to it. Know that our first priority is the well-being of our customers, staff, instructors, students and their families and the millions of...
