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Updated HUD Guidance on the Treatment of Unemployment Benefits & Child Tax Credit

HUD recently issued guidance regarding the treatment of Unemployment Benefits under the 2021 Consolidated Appropriations Act and the monthly Child Tax Credit under the American Rescue Plan of 2021. Federal Pandemic Unemployment Compensation (FPUC) Federal Pandemic Unemployment Compensation (FPUC) is an emergency program established by the CARES Act to increase unemployment benefits due to the […]

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Scott Precourt | HUD and Tax Credit Compliance

HUD Provides Additional COVID-19 Waivers for Public Housing Agencies

On November 30, 2020, HUD released Notice PIH 2020-33 (HA), Rev-2, which provides several COVID-19 waivers for Public Housing and Housing Choice Voucher programs. This notice extends and modifies waivers and administrative flexibilities established in the CARES act with Notice PIH 2020-05 on April 10, 2020. This notice restates the waivers provided in April, carrying […]

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Scott Precourt | HUD and Tax Credit Compliance

New Guidance on Remote Informal Hearings for PHAs

On November 20, 2020, HUD released Notice PIH 2020-32, “Guidance for PHAs on the Allowability of Remote Hearings and Remote Briefings.” In this document, HUD discusses how to handle grievance procedure hearings and remote briefings for Housing Choice Voucher (HCV) recipients.  During the COVID-19 pandemic, the need for social distancing, particularly within indoor settings, has […]

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Scott Precourt | REAC Inspections

HUD REAC Releases FAQs about Inspections During COVID-19

On November 13, 2020, HUD REAC Released a document “HUD Real Estate Assessment Center’s COVID-19 FAQs” This document covers in specific detail some of the questions that are most commonly asked – particularly around the possibility of owners being selected for REAC inspections during the pandemic. Some of the information restates prior memorandum(s) on HUD […]

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Amanda Gross | HUD and Tax Credit Compliance

HUD Updates Guidance on Electronic Signatures and File Storage

On November 6, 2020, HUD published Notice  H 2020-10. In this notice, HUD provides clarification to the Electronic Signatures and Electronic File Storage guidance previously published on May 26, 2020, Notice H 2020-04. You can read my article about the original notice from June 1, 2020, by clicking here. Notice H 2020-4 permits IPAs (Independent Public […]

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Amanda Gross | HUD and Tax Credit Compliance

IRS Publishes Proposed Regulations for the Average Income Minimum Set Aside Election

On Friday, October 30th, the IRS published proposed regulations related to the Average Income Minimum Set Aside Test under the LIHTC Program. The IRS is proposing changes (click here to read full proposed regulation) to Treasury Regulation 1.42-15, which speaks to the Next Available Unit Rule, and is proposing anew Treasury Regulation, 1.42-19, which speaks […]

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Amanda Gross | HUD and Tax Credit Compliance

SSA Announces 2021 Cost of Living Increase

On 10/13/20, the Social Security Administration (SSA) announced a 1.3% Cost of Living Adjustment (COLA), increasing the benefit amount for recipients beginning January of 2021. As the SSA has published this information, it is considered “verifiable,” and the COLA may need to be included when determining annual income. LIHTC, RD, and HOME For  LIHTC, RD, […]

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