Sign Up For Novogradac Industry Alert Emails

Property Compliance News Briefs - March 2013

The National Affordable Housing Management Association (NAHMA) announced the 2012 winners of its annual Industry Awards. The awards honor individuals and organizations that have improved affordable housing in their communities. Conrad Egan, president and CEO of the National Housing Conference and executive director of Millennial Housing Commission, received the award for NAHMA industry statesman. Fred Tombar, president of Tombar Consulting Group and senior adviser to the Secretary of the U.S. Department of Housing and Urban Development (HUD), received the president’s award. Walter Kreher, director for HUD’s Newark Multifamily Program Center, received the industry partner award. HANDS, a nonprofit service organization in Erie, Pa., received the industry achievement award for its plan to redevelop a 20-unit apartment complex for homeless veterans. Awards will be presented at the NAHMA meeting in Washington, D.C., March 24 to 26. A full list of winners is available at the NAHMA site.

***

NAHMA also announced the winners of its 20th annual National Communities of Quality Award, which honors excellence in the management of multifamily affordable housing. Restoration Towers in Detroit, Mich. won the award for exemplary development for the elderly; Riverwood Tower Apartments in Madison, Tenn. won for outstanding turnaround of a troubled property; Liberty Place in South Sioux City, Neb. won for exemplary development for residents with special needs; and Newberry Estates in Williamsport, Pa. won for exemplary family development. The awards will also be presented at the NAHMA meeting in Washington, D.C., March 24 to 26. When choosing winners, NAHMA considers several factors such as a property’s physical condition, the quality of management and staff, finances, compliance scores and other factors.

***

The Ohio Housing Finance Agency (OHFA) has updated a list of frequently asked questions (FAQs) on its low-income housing tax credit (LIHTC) program. Topics include exception requests, utility allowances and green initiative standards. The FAQs can be found at the Ohio Housing Finance Agency.

***

The Texas Department of Housing and Community Affairs (TDHCA) released answers to frequently asked questions on new compliance rules that became effective Dec. 27. The rules require all owners to provide households with a fair housing disclosure notice no less than three days before the effective lease date and no more than 30 days afterward. TDHCA reasoned that the prescribed time period would allow a prospective household the opportunity to consider the notice and other housing options. If an owner neglects to have the household sign the disclosure form, the date of noncompliance is the date the household begins to occupy the unit and there are no corrective actions available for that situation.

***

Kentucky Housing Corporation (KHC) announced changes to the fee and contact information for Internal Revenue Service (IRS) Form 8609. KHC eliminated the $100 inspection fee and identified additional documentation submission formats accepted, including email, thumb drive and CD. The contact for developers requesting issuance of IRS Form 8609 is Shawn Dyer. The request form is available on KHC’s website at the Kentucky Housing Corporation.

Journal Category:

Property Compliance

Authors:

Novogradac

Learn more about Novogradac's expertise and many services