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Q: A male resident complains that one of the site managers, a woman, has been repeatedly calling and texting him with sexually suggestive comments and messages. Sexual harassment occurs only when a man harasses a woman, so you don’t have to worry about a sexual harassment complaint. True or false?
On March 6, 2015, the Department of Housing and Urban Development (HUD) released FY 2015 income limits. Income limits are set by HUD to determine the eligibility of applicants for HUD’s assisted housing programs. Section 8 Fair Market Rent (FMR) area definitions are used to develop median family income estimates for each metropolitan area and non-metropolitan county.
Reps. Pat Tiberi (R-OH) and Richard Neal (D-MA), recently introduced a bill that would create a permanent floor for the Low Income Housing Tax Credit. The legislation would make the 9 percent tax credit rate permanent for new construction projects. The legislation proposed last week also included a provision that would establish a 4 percent floor on the tax credit rate for acquisition costs (but not for projects financed wi...
California Assembly Speaker Toni Atkins recently announced a sweeping affordable housing plan. In addition to proposed fees on real estate transaction recording documents, the legislation also would expand low-income housing tax credits for real estate developers by $300 million. The state's current housing tax credit program has a ceiling of $70 million.
HUD recently announced a series of initiatives to support affordable housing production. According to HUD, financing affordable and LIHTC housing is a top priority for multifamily housing. And the changes announced in a recent memo by Benjamin Metcalf, Deputy Assistant Secretary for Multifamily Housing Programs, reflect efforts by HUD to better align HUD programs with the low-income housing tax credit sites.
According to a Housing Virginia Tech housing study, a year-long study conducted by Virginia Tech’s Center for Housing Research, apartments built to higher energy-efficiency standards, including third-party testing and inspection, outperform new standard construction housing by more than 40 percent with respect to energy consumption. The study demonstrates the impacts of energy-efficient construction requirements in af...
Owners of LIHTC sites in Colorado now have the option of basing utility allowances on energy, water, and sewage consumption. Under this new regulation, LIHTC owners must consider more than just energy, water, and sewage consumption when using the Energy Consumption Model. They must take into account the size of the unit, as well as the building’s design and materials, mechanical systems, appliances, and location.
For the first time, the HUD Office of Policy Development and Research has made available data on the characteristics of tenants living in properties funded through the Low Income Housing Tax Credit (LIHTC) program in a recently released report entitled, “Understanding Whom the LIHTC Program Serves: Tenants in LIHTC Units as of December 31, 2012.”
The U.S. Supreme Court recently heard oral arguments for a major civil rights case that could narrow the scope of discrimination claims made under the landmark Fair Housing Act (FHA). The court is considering whether the 1968 law allows racial and other bias claims based on seemingly neutral practices that may have a discriminatory effect. These are known as “disparate impact” claims. There is no dispute over th...
The IRS recently issued Revenue Procedure 2015-3, which updates Revenue Procedure 2014–3, and revises the list of those areas on which the IRS will not issue letter rulings or determination letters. Letter rulings and determination letters are answers to inquiries from individual taxpayers on their status for tax purposes and the tax effects of their acts or transactions.
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