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And considers issuing COVID-19 compliance guidance.
In late March, the National Council of State Housing Agencies (NCSHA) sent a letter to the IRS and the Treasury Department asking them to take immediate action to provide deadline extensions and other necessary accommodations for the LIHTC program due to the severe disruptions the COVID-19 pandemic is having on construction activities and the ongoing operations of existing LIHTC sites.
We’ll review the best practices for operating a housing site during a public health crisis.
Whether or not cases of COVID-19 have been confirmed in your area, you should review your site’s emergency response plans and update them accordingly as a precaution. Your efforts may not only reduce the spread of the disease, but can help you maintain site operations and minimize disruptions caused by staff absences.
Residents or applicants may inform you that they need to have an aide live with them to help them with daily tasks. If a resident who is elderly or who has a disability asks you to allow her to have a live-in aide to accommodate her disability and to provide supportive services essential to her care and well-being, the Fair Housing Act (FHA) requires you to grant the request as a reasonable accommodation.
But if you’re not careful, letting live-in aides resi...
The minimum wage in more than 20 states and 26 cities and counties across America increased on Jan. 1, according to the National Employment Law Project (NELP). This affects more than half of the country’s population and marks the greatest jurisdictional raise in U.S. history. Of the states and municipalities increasing their minimum wage, 17 of them will hit or surpass $15 an hour. And later this year, four more states and 23 more municipalities will raise their w...
The Section 8 Housing Choice Voucher program is the federal government’s major program for helping very low-income families, the elderly, and the disabled afford decent, safe, and sanitary housing in the private market. Since housing assistance is provided on behalf of the family or individual, participants are able to find their own housing, and participants are free to choose any housing that meets the requirements of the program and not limited to units located...
To calculate the rent for your low-income units, you use HUD income limits. These are the same limits you use to determine whether households are qualified. The limits you use depend on the geographic location of your building and the percentage of area median gross income (AMGI) the owner and your state housing agency agreed to apply.
When certifying or recertifying households, you may encounter household members who get alimony or child support from ex-spouses or their children’s parents. Or it may be the case that a household member pays alimony or child support to someone else. Or a household member receives none or only a portion of what a court has awarded her for alimony or child support.
How you calculate the income of a low-income household member depends on whether that member is an “adult” or a “dependent,” as defined by HUD. But the difference between the two isn’t as obvious as you might think. The HUD Handbook specifically defines these terms, and you must follow those definitions.
The IRS requires your state or local housing credit agency to perform physical inspections of sites awarded LIHTCs. The agencies want to ensure the sites are in a safe, decent, sanitary condition and in good repair. Specifically, Section 42 of the IRS code requires state housing agencies to conduct on-site inspections of all buildings by the end of the second calendar year following the year the last building in the project is placed in service.
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