The Pennsylvania Housing Finance Agency (PHFA) has compiled a list of best practices observed by management agents who work with the PHFA. Although the list is not all inclusive, it will assist management agents “in the challenging role of trying to keep units fully occupied by tenants so that the property can pay the bills.” […]
A Michigan district court told HUD to stop relocating households from a Section 8 project-based site after residents along with the complex’s tenants association asked the court for a temporary restraining order and preliminary injunction. The Ypsilanti housing complex, which has 20 HUD-subsidized project-based units, was built by a nonprofit housing corporation that had financed […]
As part of its comprehensive plan to stabilize the U.S. housing market, the Obama Administrative announced a new initiative for state and local housing finance agencies (HFAs) that will help support low mortgage rates and expand resources to develop affordable rental properties. The key parts of the initiative, developed by the Department of the Treasury, […]
Hollybrook Farms, LP, has just received more than $4.3 million in funding through the American Recovery and Reinvestment Act of 2009 (ARRA) to renovate units at the housing community, located in Laurel, Delaware. The funding, which was made available through ARRA’s Tax Credit Exchange Provisions, will save the property from foreclosure and preserve 124 units, […]
A New York City resident asked the NYS Division of Housing and Community Renewal (DHCR) to determine her regulatory rent status. Her landlord had increased her rent and registered her unit as rent stabilized, but the DHCR rejected the registration. The Division’s District Rent Administrator (DRA) said that the resident’s rent was set by HUD, […]
Getting top-quality households through your tax credit site’s office door is tough. But dealing with their worries about living at a tax credit site is even tougher. Some applicants may think twice about renting a unit at a tax credit site because of some preconception that the tax credit program adversely affects the quality of […]
Project-based Section 8 owners and managers now have a form they can use to ask residents to certify if they are victims of domestic violence, dating violence, or stalking. The Violence Against Women and Justice Department Reauthorization Act of 2005 (VAWA) protects qualified residents and families who are victims of domestic violence or staking from […]
When HUD’s Office of Inspector General (OIG) conducted the first of a two-part audit of the Michigan State Housing Development Authority’s (MSHDA’s) Section 8 project-based voucher program, it found a lack of documentation to support the authority’s selection and approval of program projects. As a result, the MSHDA could not support any of the five […]
The Nebraska Investment Finance Authority (NIFA) is spearheading the National Affordable Housing Equity (NAHE) Initiative to raise awareness about the problems caused by outdated restrictions on the low-income housing tax credit (LIHTC) program. Specifically, the initiative seeks to re-calibrate the national two-person household income limit and passive loss limit. The NAHE Initiative is asking a […]
Colorado became one of the very first states in the country to tap into the Tax Credit Assistance Program (TCAP) funds created for affordable housing development and preservation in The American Recovery and Reinvestment Act. Colorado Housing and Finance Authority (CHFA), who is administering the state’s $27.3 million TCAP fund, awarded Community Housing Concepts, Inc. […]
