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The Restoration of the Affirmatively Furthering Fair Housing (AFFH) Rule

On June 10, 2021, HUD published an Interim File Rule to restore the AFFH (Affirmatively Furthering Fair Housing) rule that the previous administration gutted in 2020. What is AFFH? While the Fair Housing Act (Title VII CRA 1968) applies to all multi-family housing regardless of funding, additional requirements apply to HUD, thereby, HUD’s grantees. These […]

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07.09.2020
Scott Precourt | HUD and Tax Credit Compliance

HUD Provides Outline of a Return to MORs

On June 23, 2020, HUD released a memorandum titled “Status of Management and Occupancy Reviews performed by PBCAs,” which outlines the resumption of Management and Occupancy Reviews (MORs) of Multifamily HUD Properties.  This memorandum is a supplemental addition to the HUD memo dated 5/22/2020, which generally lifted the suspension of MORs, subject to local restrictions. […]

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07.09.2020
Amanda Gross | HUD and Tax Credit Compliance

IRS Notice 2020-53 Provides Temporary Relief for Tax Credit Housing Programs

This month, the IRS published IRS Notice 2020-53 to provide temporary relief to LIHTC and Tax-Exempt Bond owners by further extending deadlines and granting additional relief for other certain compliance requirements. In April of this year, the IRS published IRS Notice 2020-23. While Notice 2020-23 did not specifically mention Section 42 of the IRC, it […]

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07.09.2020
Scott Precourt | HUD and Tax Credit Compliance

Changes to Processing Vacancy Special Claims During COVID-19

On July 6, 2020, HUD released a memo titled “Processing of Special Claims for Vacancy During the COVID-19 Pandemic“. Due to workplace restrictions and stay-at-home orders during this pandemic, multifamily housing managers are experiencing issues with routine activities such as preparing the unit for occupancy,  showing units to prospective tenants, and processing documentation to determine […]

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07.06.2020
Scott Precourt | HUD and Tax Credit Compliance

CARES Act Moratorium on Eviction to End July 24, 2020

On July 1, 2020, HUD released Notice H 20-07 which addresses the CARES Act eviction moratorium which was signed into law on March 27, 2020, and extended for 120 days. This notice extends the moratorium on evictions for non-payment of rent at HUD financed properties currently under a forbearance agreement and clarifies that other HUD […]

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07.06.2020
Scott Precourt | HUD and Tax Credit Compliance

IRS Publishes Proposed Change to LIHTC Inspection Sampling Guidelines

On July 2, 2020, the IRS released an advanced copy of proposed regulations concerning physical inspections and file audits of LIHTC properties. This proposed legislation would restore the earlier standard of using the lesser of either 20% of low-income units or the applicable sample on the REAC sampling chart. This update would reverse the sampling […]

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06.01.2020
Amanda Gross | HUD and Tax Credit Compliance

HUD Issues Eagerly-Awaited Guidance on Electronic Signatures and Electronic File Transmission

On May 26, 2020, HUD issues guidance via a HUD-Notice regarding the utilization of Electronic signatures and electronic file transmission.  While this guidance has been in the works for quite some time, the publication is perfectly timed, as many management agents have been faced with challenges when conducting household certifications during the COVID-19 Pandemic. Updated […]

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