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

IRS publishes new audit technique guide (ATG)

Samantha PratterThe IRS has published the new audit technique guide (ATG) for the low-income housing tax credit (LIHTC) program. The ATG is not yet available on the IRS website, but you can download it here.

Late last year a draft version was released and the comment period extended through mid-March. The revised, final version that was just released is meant to help IRS examiners audit the tax returns of LIHTC owners. The ATG is not meant to replace the 8823 Guide, which was written to help state housing finance agencies (HFAs) perform compliance monitoring and is an invaluable tool for property management staff. Rather, the two documents are meant to be used in conjunction since the new ATG references the 8823 Guide in many places.

A few highlights from the new ATG include three helpful appendices: Appendix A which contains of IRC 42 terms, Appendix B which contains references with citations, and Appendix C with frequently asked questions.

Trainer and consultant Samantha Pratter has been a part of the NMA team since 2008. As NMA’s writing supervisor, Samantha oversees publications from concept and creation through the ongoing revision process, including NMA Master Books, model policies, course books, 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. NMA recently published our seminar calendar for the first quarter of 2015, and when you register now you can save 10 percent on our upcoming LIHTC seminars in Birmingham, AL and Denver, CO. We can also bring the seminar to you. Email sales@nanmckay.com for more information about our affordable onsite training options.

Friday news roundup 9/12/14

HERA infographic

Click to view at full size

In case you missed the update to our recent blog post about increased admin fees, we’ll repeat it here: there is NO time limit on using the new funding. We had originally stated that HUD would recapture unused amounts after December 31, 2014. Our apologies for the error.

Affordable Housing Finance: David Gasson reflects on how the LIHTC program fared in the 113th Congress and looks ahead to the 114th

Harvard Joint Center for Housing Studies: The U.S. population has aged significantly (interactive map)

NCSHA: The U.S. is not prepared to meet the housing needs of an aging population

NHC: Even grandmothers get the (NIMBY) blues

NLIHC: Congress returns with full agenda and little time

Off the Charts: How the federal budget process works—and what happens when it doesn’t

Friday news roundup 8/15/14

In a Federal Register notice today, the Department of Housing and Urban Development (HUD) published the proposed fair market rents (FMRs) for federal fiscal year (FFY) 2015 (October 1, 2014, through September 30, 2015). As the notice reminds us:

The primary uses of FMRs are to determine payment standards for the housing choice voucher (HCV) program, to determine initial renewal rents for some expiring project-based Section 8 contracts, to determine initial rents for housing assistance payment contracts in the Moderate Rehabilitation single room occupancy program, and to serve as rent ceilings in the HOME program.

In addition to listing the proposed FFY 2015 FMRs for all areas (see Schedule B), today’s notice:

  • Explains that the proposed FFY 2015 FMRs reflect the estimated 40th and 50th percentile rent levels trended to April 1, 2015
  • Announces that the proposed FFY 2015 FMRs do not reflect any updates to the methodology used to calculate FMRs
  • Lists the proposed FFY 2015 small area FMRs for the 5 demonstration participants (see Schedule B Addendum)
  • Lists the proposed FFY 2015 FMRs for manufactured home spaces in the HCV program (see Schedule D)

The accompanying FMR data set has been posted to HUD’s Policy Development and Research (PD&R) FMR page and includes the following items:

If you wish to submit comments on the proposed FMRs, you have until September 14 to do so. Final FMRs will become effective on October 1. For instructions on how and where to submit comments, see the “Addresses” section in today’s notice. For complete documentation of the development of the FMRs proposed for your area, visit this page at the HUD User Web site. In other news:

NLIHC: Senators urge Secretary Castro to issue final AFFH rule

Novogradac: NCSHA data reveals growth in LIHTC allocations and units produced

Rooflines: The dangerous rhetoric of escaping to opportunity

How to Avoid Noncompliance: Low-Income Housing Tax Credits (LIHTC) and Hot Topics from IRS Newsletters

NMA trainers Samantha Pratter and Sheryl Putnam at last year’s NMA Housing Conference

NMA trainers Samantha Pratter and Sheryl Putnam at last year’s NMA Housing Conference

Trainer and consultant Samantha Pratter has been a part of the NMA team since 2008. As NMA’s writing supervisor, Samantha oversees publications from concept and creation through the ongoing revision process, including NMA Master Books, model policies, course books, and handbooks. She recently wrote for the NMA blog about the key differences between the project-based voucher (PBV) program and the (HCV) housing choice voucher program.

As NMA’s professional development manager, Sheryl Putnam spearheaded the development of our new Blended Occupancy Management and Fundamentals of Low-Income Housing Tax Credit (LIHTC) Management certification seminars. 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. Sheryl will be presenting several sessions at the 2014 NMA and GoSection8 Housing Conference, including this one and How to Avoid Noncompliance: Blended Occupancy.

Ensuring Compliance and Maximizing Financial Resources

How to Avoid Noncompliance: Low-Income Housing Tax Credits (LIHTC) and Hot Topics from IRS Newsletters
Presenters, Sheryl Putnam and Samantha Pratter

The LIHTC Newsletter, which the Internal Revenue Service (IRS) has been publishing since 2000, is an excellent resource for addressing many issues owners face and also provides a valuable forum for networking, sharing information about IRC 42, and communicating guidance. This session will focus on some of the important topics covered in recent newsletters, including information on CHG 4 to the HUD Handbook 4350.3, the exception for married students under the student rule, using new income limits, first-year certifications, reporting noncompliance with utility allowance requirements, treating buildings as part of a multiple building project, and the available unit rule.

Our free one-on-one consulting sessions at the second annual NMA and GoSection8 Housing Conference in Chicago are filling up fast! Sheryl’s already fully booked, but Samantha and other industry experts are still available, so sign up now and save your seat. Register online or email sales@nanmckay.com for more information.

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