RAD: Post-Closing Operational Transition for PBRA

NMA trainers Samantha Sowards and Sheryl Putnam will be presenting a session on RAD conversion to PBRA at The Housing Conference
NMA trainers Samantha Sowards and Sheryl Putnam will be presenting a session on RAD conversion to PBRA at The Housing Conference

As director of professional development, Sheryl Putnam has spearheaded the development of several NMA seminars, including Blended Occupancy ManagementFundamentals of LIHTC Management, and our newest class, Multifamily Housing Specialist (MHS). Prior to joining Nan McKay and Associates in 2011, she managed the compliance department for a state housing finance agency, providing compliance oversight activities for the LIHTC, PBRA, and HOME programs.

Senior trainer Samantha Sowards has been a part of the NMA team since 2008. As NMA’s manager of curriculum development, Samantha oversees publications from concept and creation through the ongoing revision process, including NMA Master Books, model policies, and handbooks. Sheryl and Samantha will be presenting the following session at the The Housing Conference in San Antonio this September.

Regulatory Knowledge for Smart Management

RAD: Post-Closing Operational Transition for PBRA
Presenters, Sheryl Putnam and Samantha Sowards

Congratulations, you’ve been approved for a RAD conversion to project-based rental assistance (PBRA). Now that you’ve been approved — or are waiting for approval — what’s next? This session will cover the key differences between public housing, PBRA, and RAD PBRA that you and your team need to know about. We will cover in-place resident considerations, eligibility and occupancy differences, rent phase-in requirements, what to do when TTP is greater than the contract/market rent, and more. We will also touch on some blended occupancy issues if you are adding low-income housing tax credits.

If you’re interested in learning more about PBRA, don’t miss our upcoming session of Multifamily Housing Specialist! Conference attendees save 10% on the seminar, which will be held immediately following the first two days of the The Housing Conference. Extend your stay and expand your learning! Register online or email sales@nanmckay.com for more information. Don’t delay, room blocks are filling up fast.

Technology Strategies for PHAs to Thrive In A Changing Industry

Dave Sagers of HAI Group will present a session on technology strategies at The Housing Conference
Dave Sagers, director of market intelligence for HAI Group, will present a session on technology strategies at The Housing Conference

Nan McKay and Associates is a proud partner of HAI Group, a family of companies serving the public and affordable housing community, including HousingHub, HTVN, and the Public and Affordable Housing Research Corporation (PAHRC). As a co-sponsor of The Housing Conference, HAI Group will be presenting the following session at the conference in San Antonio this September.

Executive Leadership for Performance Excellence

Technology Strategies for PHAs to Thrive In A Changing Industry
Presenter, Dave Sagers of HAI Group

As director of market intelligence for HAI Group, Dave Sagers has spent several years analyzing housing authorities’ strategies, challenges, key processes, and opportunities for operational improvement. This session will leverage industry research and PHA experiences to focus on:

  • Trends impacting PHAs, including regulatory streamlining, LIHTC real estate development, HUD’s Rental Assistance Demonstration (RAD), and the Moving to Work (MTW) expansion
  • How PHA business models, strategies, and needs are changing in response
  • How technology is and can be strategically leveraged to support these strategies

The Housing Conference, presented by NMA and HAI Group, will spotlight three tracks: an executive track, a regulatory track, and a best practices track. Go here to view a list of the session descriptions that have been published so far.

Affordable housing news 3/25/16

CBPP: Obama’s 2017 budget includes $15 million for a new housing choice voucher mobility demonstration

NCSHA: Senator Maria Cantwell (D-WA) announces her intention to introduce legislation to expand Low Income Housing Tax Credit authority by 50% and to make other changes to strengthen the program

NLIHC: 75% of extremely low-income renter households spend more than half of their income for housing

Planetizen: Evaluating affordable housing development strategies

Rooflines: High-density public housing may seem like an idea whose time has come and gone, but Toronto could be proving that wrong

IRS amends LIHTC compliance-monitoring regulations

Samantha Sowards discusses LIHTC

Tomorrow the Internal Revenue Service (IRS) will post two notices that revise and clarify requirements for on-site physical inspections and file reviews conducted by state allocating agencies at low-income housing tax credit (LIHTC) properties. Final and temporary regulations will be published in the Federal Register and, at the same time, the IRS will concurrently issue Revenue Procedure 2016-15. The revenue procedure and notice make several key changes, including:

  • Amending the requirements for the number of LIHTC units and files that must be inspected by the state allocating agency as part of an on-site monitoring review. Formerly, the state agency was required to review 20 percent of the LIHTC units and files in the project. Now, the revenue procedure states that the minimum number of units and files that must undergo inspection is the lower of:

o    20 percent of the tax credit units in the project (rounded up to the nearest whole number); or

o    The number of tax credit units as identified in the Low-Income Housing Credit Minimum Unit Sample Size reference chart included in the revenue procedure.

  • Stating that HUD’s REAC protocol satisfies the physical inspection requirements of the LIHTC program. The revenue procedure makes clear that conducting an inspection under the REAC protocol does not excuse the state allocating agency from reviewing the low-income certifications in accordance with the regulations. The state agency may rely on a REAC inspections when:

o    Both vacant and occupied LIHTC are included in the population of units selected for inspection

o    The inspection complies with the procedural and substantive requirements of REAC, including using the most recent REAC UPCS inspection software

o    The inspection is performed by a REAC inspector; and

o    The inspection results are sent to HUD, reviewed and scored within HUD’s secure systems without any involvement of the inspector who conducted the inspection, and HUD makes the inspection report available.

  • Removing the requirement that physical inspections must be conducted for the same units as the file reviews. While state agencies are no longer required to select the same LIHTC units for on-site inspections as for file reviews, they may continue to do so.

The revenue procedure is effective February 25, 2016. Agencies using the REAC protocol under the physical inspections pilot program may implement the provisions for onsite inspections retroactively to January 1, 2015. Although the proposed regulations are adopted as final, comments and requests for public hearings may be submitted within 90 days of the publication of the notice.

Senior trainer Samantha Sowards has been a part of the NMA team since 2008. As NMA’s manager of curriculum development, Samantha oversees publications from concept and creation through the ongoing revision process, including NMA Master Books, model policies, and handbooks. She has previously written for the NMA blog about the key differences between the project-based voucher (PBV) program and the (HCV) housing choice voucher program.

Is your staff in need of LIHTC training? NMA is the only training company that offers LIHTC classes from a PHA perspective. Register now and save $125 on each registration to our upcoming class in Chicago, Illinois or 10 percent on our upcoming class in Norfolk, Virginia. We can also bring the seminar to you. Email sales@nanmckay.com for more information about our affordable onsite training options.

HCCP exam option now available for attendees of our LIHTC class

NMA trainers Samantha Pratter and Sheryl Putnam at the inaugural 2013 NMA Housing Conference
NMA trainers Samantha Sowards and Sheryl Putnam at the inaugural 2013 NMA Housing Conference

We’re very excited to announce that NMA trainers Samantha Sowards and Sheryl Putnam are now authorized to administer the Housing Credit Certified Professional (HCCP) exam. The National Association of Home Builders (NAHB) HCCP designation is a specialized designation for developers, property managers, asset managers, and others who work in the low-income housing tax credit (LIHTC) program. The HCCP is a well-known and respected designation in the LIHTC world.

Students who attend NMA’s Fundamentals of Low-Income Housing Tax Credit Management course now have the option to take the HCCP certification exam instead of the NMA certification exam at the end of the seminar. Individuals interested in obtaining just the HCCP certification may also take the exam without attending the course, since the exam is given independently from the course. Attendance of an NMA course is not a prerequisite for taking the HCCP exam. Students who wish to receive both certifications may take the HCCP exam at the end of the seminar and the NMA exam online within six months of attending the seminar.

NAHB’s requirements for achieving the HCCP designation include:

  • Successful completion of the HCCP exam ($175 fee; $100 for retakes)
  • Minimum of two years’ experience in the LIHTC industry by graduation (those who fail to meet this requirement may consider themselves an HCCP candidate until reaching two years of experience)
  • A total of 10 hours of LIHTC training
  • Adherence to the HCCP Code of Ethics

What happens when you receive the HCCP designation?

  • You receive a congratulatory welcome kit, including a plaque, HCCP lapel pin, HCCP ribbon, and sample press release for your company to use internally or for local media recognition
  • Your name listed in the online HCCP Directory
  • You receive a subscription to The Credential, a quarterly e-newsletter developed by the HCCP Board of Governors to bring HCCPs the latest tax credit industry information
  • You are eligible for discounted registration to one-hour educational webinars offered quarterly; HCCPs that attend each webinar fulfill their annual continuing education requirement
  • You have the opportunity to attend the annual reception and networking event honoring the HCCP of the Year
  • You have access to the professional LinkedIn group exclusively for active HCCPs
  • You have access to LIHTC technical assistance through NAHB staff and the HCCP Board of Governors

If you’d like more information on the HCCP exam, please visit NAHB’s website at www.nahb.org.

Samantha, Sheryl, and other industry experts will be available for limited free one-hour consulting sessions at the 2015 NMA and GoSection8 Housing Conference. Registered participants can sign up on a first-come, first-served basis now. Register online or email sales@nanmckay.com for more information.

Friday news roundup 11/7/14

Housing Finance: IRS announces 2015 LIHTC, bond caps

The HUDdle: Survivors of domestic violence need fair housing, not eviction

NCSHA: HUD reports further decline in homelessness

NCSHA: Judge rejects HUD’s disparate impact rule

New York Times: Free broadband for public housing in New York sought as condition in Comcast deal

Next City: NYCHA is revisiting its policy of barring many formerly incarcerated people from public housing

Next City: Using Wall Street tactics to preserve affordable housing

NLIHC: 40 years ago: Public housing changes in Housing and Community Development Act of 1974

Off the Charts: Neighborhoods do matter to kids’ success

Off the Charts: Tens of thousands apply for scarce housing vouchers

PD&R Edge: Why did Pruitt-Igoe fail?

Rooflines: HUD’s perspective on the Rental Assistance Demonstration

Shelterforce: Lifting the fog on Section 3

Washington Post (via Planetizen): These five charts show the progress made in fighting homelessness

Friday news roundup 10/31/14

Happy Halloween! Got a great pumpkin pic to share? Post it on our Facebook page or tweet @nanmckay!

And don’t forget to set your clocks back one hour on Sunday, when daylight saving time ends.

In other news:

Jacobin (via HUD NY/NJ): Well-maintained public housing must be part of the solution to affordable housing crisis

NLIHC: Renter housing quality issues vary by race, ethnicity, poverty status

PD&R Edge: Demystifying LIHTC

Rooflines: People in the affordable housing field have grown increasingly interested in talking about healthcare

Social Security Administration: Social Security benefits to increase by 1.7% in 2015

U.S. News & World Report (via CBPP): Low-income households are better off moving to low-poverty neighborhoods

Friday news roundup 10/3/14

Even if your agency is not participating in the Rental Assistance Demonstration (RAD) program, you may be interested in the inaugural issue of the monthly “RAD Newsletter” launched today. The two-page issue includes recent RAD news, highlights key program statistics, and lists recently closed projects. You’ll find a link to the newsletter on the RAD news page.

In other RAD news, last week HUD posted a “case studies” document spotlighting four agencies participating in the demonstration program. The eight-page document focuses on the differing issues faced by the participating housing authorities, including:

  • Combining RAD and Moving to Work (Cambridge, MA)
  • A small PHA leveraging private financing (Ilion, NY)
  • Financing substantial rehabilitation (Lexington, NC)
  • Effective resident engagement (Broward County, FL)

Notable articles this week in the affordable housing blogosphere:

NCSHA: Supreme Court agrees to hear Texas disparate impact fair housing case regarding tax credits

New Yorker: Over time, Housing First has saved the government money

Next City: Making the renters vs. homeowners competition a thing of the past