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June 14, 2025
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Home » Authors » Eric Yoo

Articles by Eric Yoo

IN THE NEWS

HUD Ends Affirmatively Furthering Fair Housing Rule—Again

Developers that use LIHTCs may find it more difficult to get rezoning approvals in high-income or exclusionary neighborhoods, as local governments may feel less of an obligation to accommodate affordable housing.
Feb 25, 2025
Eric Yoo

Developers that use LIHTCs may find it more difficult to get rezoning approvals in high-income or exclusionary neighborhoods, as local governments may feel less of an obligation to accommodate affordable housing.



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IN THE NEWS

HUD Ends Affirmatively Furthering Fair Housing Rule—Again

Developers that use LIHTCs may find it more difficult to get rezoning approvals in high-income or exclusionary neighborhoods, as local governments may feel less of an obligation to accommodate affordable housing.
Feb 25, 2025
Eric Yoo

Developers that use LIHTCs may find it more difficult to get rezoning approvals in high-income or exclusionary neighborhoods, as local governments may feel less of an obligation to accommodate affordable housing.



Read More
MANAGEMENT BASICS

New Online Portal Streamlines Lead Exemption Applications

Getting exemptions for your lead-paint-free units means they’ll no longer be subject to some of the Local Law 1 requirements.
Feb 24, 2025
Eric Yoo

Filing for a lead-based paint exemption will ensure you get the benefits of having lead-paint-free spaces that are no longer subject to some of the Local Law 1 requirements.



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MANAGEMENT BASICS

How to Submit Applications for Updated J-51 Tax Relief Program

We go over details of the program including eligibility, the application process, and important deadlines.
Feb 23, 2025
Eric Yoo

Owners can now use J-51 for energy-efficient upgrades that support Local Law 97 compliance.




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IN THE NEWS

NYC Housing Chief Resigns Amid City Hall Turmoil

Three other high-ranking officials in Mayor Adams’ administration also resigned, increasing uncertainty over the city’s housing policies.
Feb 22, 2025
Eric Yoo

Three other high-ranking officials in Mayor Adams’ administration also resigned, increasing uncertainty over the city’s housing policies.



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IN THE NEWS

State Investigations Return Apartments to Rent Stabilization

Emerald Equity Group illegally deregulated 21 rent-stabilized units and overcharged tenants.
Feb 21, 2025
Eric Yoo

Emerald Equity Group improperly and illegally deregulated 21 rent-stabilized units, overcharged tenants, and failed to keep tenants’ security deposits in separate accounts as required by law.


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Treasury Secretary Bessent Vague on LIHTC Expansion

Feb 20, 2025
Eric Yoo

He has expressed general support for housing-related tax incentives but has stopped short of committing to specific expansions or improvements. 


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Fears Grow Over Possible HUD Layoffs

Feb 20, 2025
Eric Yoo

Reports that HUD may cut its workforce by 50 percent have sparked growing concern among lawmakers, housing advocates, and HUD employees.


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AHMI 0325 delays.jpg
FEATURE

HUD Delays Implementation of HOME Final Rule Amid Regulatory Freeze

Make sure your site is prepared if and when the changes take full effect.
Feb 14, 2025
Eric Yoo

Due to a regulatory freeze by President Trump, the final rule for the HOME Investment Partnerships Program has been delayed until April 20, 2025. Make sure your site is prepared to implement the expanded tenant protections if and when the changes take full effect. These include detailed explanations about lease nonrenewals, proposed evictions, and required tenant rights to contest or remedy these situations. 


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Income Calculations

How to Handle Medicare Advantage Flex Cards When Calculating Income

Most Medicare Advantage Flex Card benefits should not be counted as income when determining eligibility for rental assistance.
Feb 13, 2025
Eric Yoo

Automatically including all Flex Card benefits as income can lead to certifications that exceed the maximum income limit.




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