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Home » Authors » Eric Yoo

Articles by Eric Yoo

LIHTC Reforms Bill Reintroduced with Broad Bipartisan Support

Apr 15, 2025
Eric Yoo

The reintroduction of the AHCIA may be signal that both Congress and the housing sector are ready to tackle America’s rental affordability crisis.


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FEATURE

How to Handle Income Changes from the Social Security Fairness Act

SSA began issuing retroactive lump sum payments in March and increasing monthly payments in April for some public-sector retirees.
Apr 11, 2025
Eric Yoo

Signed into law in January 2025 by President Biden and effective retroactively to January 2024, this act increases Social Security benefits for certain types of workers by repealing two provisions of the Social Security Act that have long affected certain public-s...

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COMPLIANCE

Comply with HUD’s Record Retention Requirements During Spring Cleaning

Tossing tenant records too soon or disposing of them improperly can expose your site to compliance risk.
Apr 9, 2025
Eric Yoo

Spring cleaning might feel like a time to finally tackle the overflowing file cabinets, the stray folders piling up on desks, or to address long-forgotten digital files hiding in shared drives. But any such decluttering must be done with a firm eye on compliance. Getting rid of documents too early or improperly can expose you to audit risks.


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INCOME CALCULATIONS

HUD Issues Income Limits for Fiscal Year 2025

The larger-than-expected increases come as a surprise.
Apr 8, 2025
Eric Yoo

The larger-than-expected increases come as a surprise. On average, income limits rose by 6.2 percent, with most areas seeing noticeable upward adjustments. While some regions experienced moderate gains, others saw more significant changes—more than 70 percent of the country had increases above 5...

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NY State Files Legal Brief in Favor of NYC’s FARE Act

Apr 7, 2025
Eric Yoo

Governor Hochul recently showed support for New York City’s FARE Act, a law aimed at easing the financial burden of renting by requiring owners to cover broker fees when they hire the broker. On April 3, her administration filed an amicus brief urging the court to uphold the law and emphasizing that the FARE Act does not conflict with existing state regulations. And in a public video with Councilmember Chi Ossé, the bill’s sponsor, the governor stated, “These broker fee...

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IN THE NEWS

Fair Housing Organizations Sue HUD and DOGE Over Grant Terminations

A sweeping federal class action lawsuit challenges the departments for abruptly terminating $30 million in federal grant funding.
Apr 7, 2025
Eric Yoo

Four nonprofit fair housing organizations representing a proposed class of more than 60 groups across the country recently filed a sweeping federal class action lawsuit challenging HUD and the newly created Department of Government Efficiency for abruptly terminating $30 million in federal grant funding. 


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IN THE NEWS

Report: Gap in Affordable Rental Housing Worsens

The NLIHC supports bipartisan legislative proposals that would expand housing access.
Apr 6, 2025
Eric Yoo

The National Low Income Housing Coalition recently released its 2025 edition of The Gap: A Shortage of Affordable Homes. According to the report, the U.S. lacks 7.1 million rental homes that are both affordable and available to households earning at or below the federal poverty level or 30 percent of area median income, whichever is greater. This translates to just 35 homes available for every 100 extremely low-income renter households.


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FEATURE

Avoid 5 Fair Housing Pitfalls When Setting Amenity Rules

Overly restrictive safety rules may have unintended discriminatory effects.
Mar 31, 2025
Eric Yoo

From pools and saunas to game rooms and fitness centers, amenity spaces are an attractive selling point for many sites. These shared areas not only can the enhance quality of life for residents, but can also carry a range of risks that managers must navigate. These risks include health and safety concerns, potential liability from injuries, and fair housing compliance.


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COMPLIANCE

What You Need to Know About Your Site’s Minimum Set-Aside

We go over the basics of minimum set-aside requirement, including the types of elections available, how the minimum set-aside is calculated, and the consequences of noncompliance.
Mar 28, 2025
Eric Yoo

We go over the basics of minimum set-aside requirement, including the types of elections available, how the minimum set-aside is calculated, and the consequences of noncompliance. 




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FEATURE

The May 1 Compliance Crunch Deadline: What You Need to File and Install

Building sustainability and safety deadlines are almost here.
Mar 28, 2025
Eric Yoo

As May 1 approaches, owners face a dense lineup of compliance deadlines tied to the city’s push for safer, greener buildings. Four separate local laws, some newly in force and others ongoing, all share the same due date. This year marks the first mandatory reporting date under Local Law 97, the city’s sweeping climate legislation targeting building emissions. At the same time, owners must meet existing requirements under Local Laws 84 and 88, including energy benchmarki...

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