News & Insights

Stay informed with the latest news and updates regarding the affordable housing industry.

Make Sure Your Section 8 Fact Sheet is Up-to-Date

HUD issued an updated Section 8 Fact Sheet in September 2010, but HUD noted in a TRACS conference call recently that many owners are still using the Fact Sheet from July 2007. There are differences i...

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Court Confirms that Individuals may be Held Liable for Fair Housing Violations

The U.S. District Court for the Southern District of New York has held that anyone who commits a prohibited act of discrimination in rental housing may be held personally liable under the Fair Housing...

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HUD General Counsel Opinion: Medically Prescribed Marijuana Not a Reasonable Accommodation

According to a January 20, 2011 HUD Office of General Counsel (OGC) legal opinion, PHAs and owners of federally assisted housing may not permit disabled current or prospective tenants to grow, use, po...

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HUD Proposes Expanded Protections for Applicants & Residents at HUD Properties

On January 20, 2011, HUD issued a proposed rule clarifying that all otherwise eligible households, regardless of marital status, sexual orientation, or gender identity, have an equal opportunity to pa...

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Program Relief for Flood & Tornado Victims

State Housing Finance Agencies in Alabama, Tennessee, Georgia, and Mississippi are relying on IRS Revenue Procedure 2007-54 to provide relief for owners and tenants affected by recent flooding and tor...

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Nations Top Four Apartment Owners are Tax Credit Firms

The National Multi Housing (NMHC) as released its annual list of the nation s 50 largest apartment owners for 2011. The top four on the list are all deeply involved in the Low-Income Housing Tax Cre...

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Virtually All HFAs Now Providing Incentives for Preservation Projects

According to a National Housing Trust Survey of state qualified allocation plans (QAPs), almost all State Agencies are now awarding points, providing set-asides, and seeking preferences for preservati...

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IRS Releases Updated 8823 Guide

The IRS has released the third version of the 8823 Guide, designed to assist State Agencies and taxpayers in understanding IRS requirements relative to compliance with the Section 42 Low-Income Housin...

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