NCSHA Notes by Lois Churchill
Cathy Turner and I attended the HOME portion of the NCSHA HFA Institute in D.C. last week. Here are notes worth sharing: The biggest issue noted was in regards to housing for persons with disabilities....
View ArticleStaying in Compliance With All Your Regulatory Documents
Written by Lois Churchill, Director of Operations for State Monitoring Good management companies spend a lot of time making sure they stay in compliance with Section 42 requirements. Everyone wants to...
View ArticleCompanion Animals
Written by Lois Churchill, Director of State Monitoring Operations A companion animal, unlike an assistive animal, is one with no special training in helping an individual cope with a disability....
View ArticleIncome Limits
Written by Lois Churchill, Spectrum Enterprises The 2011 income limits went into effect for all programs except HOME on 5/31/11. You must begin using them no later than 7/15/11. HOME limits for 2011...
View ArticleArticle 4
Written by Lois Churchill, Spectrum Enterprises HUD has given clear guidance to be followed when determining whether an individual is to be counted as a household member, both for household size and...
View ArticleNCSHA’s HFA Institute Reflections – HOME Proposed Rule
Written by Lois Churchill, Spectrum Enterprises NCSHA held its annual HFA Institute last week in Washington DC. I was able to attend both the HOME and the LIHTC modules this year. The major topic...
View ArticleGross Rent Floor
Written by Lois Churchill, Spectrum Enterprises Gross rents at a tax credit property never have to fall below what they are the first credit year. This is known as the Gross Rent Floor. But how is the...
View ArticleWait Lists at LIHTC Properties
Twice in the past 24 hours we received a call asking if keeping a wait list is required for tax credit properties so it seems the issue should be discussed. While Section 42 itself has no requirements...
View ArticleHOME 2013 Rent Limits
*updates added here Written by Lois Churchill, Spectrum Enterprises So, have you noticed that the 2013 HOME rent limits have been published? If not, you need to check – and quickly! They went into...
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