August 21, 2019

NAHMA LIHTC Update: Low-Income Housing Tax Credit Rates for September 2019

The Internal Revenue Service (IRS) recently issued Revenue Ruling 2019-20, which provides various prescribed rates for federal income tax purposes, including applicable federal interest rates, adjusted applicable federal interest rates, and adjusted long-term and tax-exempt rates for September 2019. As provided in the ruling, Table 4 contains LIHTC Appropriate Percentages Under Section 42(b)(1) for September 2019: Appropriate percentage for the 70% present value low-income housing credit: 7.46% […]
August 19, 2019

HUD Proposes Changes to the Fair Housing Act’s Disparate Impact Standard; NAHMA Requests Members Submit Feedback by September 27

The proposed revision to the Fair Housing Act’s Disparate Impact Rule was published in the Federal Register for public comments. In their press release, HUD stated, “The HUD proposed disparate impact rule provides a framework for establishing legal liability for facially neutral practices that have unintended discriminatory effects on classes of persons protected under the Fair Housing Act. The rule has no […]
August 19, 2019

Become COQ Certified Then Enter NAHMA Communities of Quality Awards Competition

Before back-to-school activities monopolize your time, make sure you send in your application to become a certified Community of Quality (COQ) property through your local AHMA before the September deadline. Without the certification, you cannot enter this year’s NAHMA Communities of Quality Awards competition. To enter the awards competition, a property must first apply for and achieve national recognition as a NAHMA Community […]
August 14, 2019

HUD Launches Foster Youth Initiative; Jobs Plus NOFA Published for PHAs

Recently, HUD announced two updates regarding a foster youth initiative and the Jobs Plus program. HUD launches initiative to prevent and end homelessness among young people aging out of foster care HUD Secretary Ben Carson announced a new initiative to target housing assistance to young people aging out of foster care and who are at extreme risk of experiencing homelessness. […]