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Property Compliance News Briefs - September 2013

On July 30, the U.S. Department of Housing and Urban Development (HUD) released a notice inviting comments about HUD’s tenant eligibility and rent procedures. Comments are due Sept. 30. HUD collects information to establish applicants’ eligibility for subsidized housing, to specify which eligible applicants may be given priority over others and to prohibit racial discrimination in conjunction with selection of tenants and unit assignments. HUD must specify tenant eligibility requirements, how tenants’ incomes, rents and assistance are verified and computed and provide annual reports to Congress and the public on the race/ethnicity and gender composition of subsidy program beneficiaries. In the notice HUD says the information gathered is essential to maintain a standard of fair practices in assigning tenants to HUD-funded multifamily properties. The notice is available at www.hudresourcecenter.com.

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The Texas Department of Housing and Community Affairs (TDHCA) has established the land use restrictions agreement (LURA) for low-income housing tax credit (LIHTC) developments. Developments beginning the credit period in 2013 or before that do not have an executed and recorded LURA on file with the department should contact the assigned asset manager to initiate this process. The original recorded LURA must be returned to the department no later than the end of the first year of the credit period. This is to avoid noncompliance. IRS Forms 8609 for the allocation of LIHTCs will not be issued for a building unless there is a recorded LURA in effect and on file with the department.

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On Aug. 6, a notice was published in the Federal Register requesting comments on the Violence Against Women Reauthorization Act of 2013. This notice provides an overview of the applicability of the act to HUD programs. The act, S. 47, expands the number of HUD programs subject to the statute’s protections beyond HUD’s public housing and Section 8 tenant-based and project-based programs. The notice highlights the key changes made and lists the HUD programs now covered by the statute. In the notice, HUD says it is seeking comments to aid the department in developing additional guidance and regulations. Comments are due Oct. 7. The notice is available at www.hudresourcecenter.com.

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Because of HUD’s publication of a new HOME Investment Partnerships Program (HOME) final rule on July 24, the HOME Division requested assistance in completion of a survey about costs related to administration of the tenant-based rental assistance (TBRA) activity. The survey collected information from TBRA administrators in response to changes in the HOME final rule, such as allowing participating jurisdictions to charge some expenses for the TBRA activity to project soft costs.

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A partnership between Balfour Beatty Communities LLC, a management, development and real estate services provider, and Block Multifamily Group, a multifamily management services company, was announced on July 16. The purpose of the partnership is to pursue property management opportunities for HUD, LIHTC and other public housing authority developments.

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The National Affordable Housing Management Association (NAHMA) announced the entry deadline for its 2013 Communities of Quality (COQ) Awards submissions is Nov. 8. COQ awards are given to property management companies that provide affordable multifamily rental housing in communities across the country. Winners must achieve exemplary in one of the competition’s five categories: family development, development for the elderly, development for residents with special needs, development for single room occupancy housing and outstanding turnaround of a troubled property. Winners will be notified in early January 2014 and will receive their awards at the NAHMA 2014 winter meeting in Washington, D.C. HD Supply Multifamily Solutions will jointly sponsor this year’s COQ Awards program.

Journal Category:

Property Compliance

Authors:

Novogradac

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