Jan. 11, 2022: Hot Topics for PHAs
The year 2022 could be transformational for public housing authorities (PHAs) in terms of development opportunities and challenges. Michael Novogradac, CPA, and Novogradac partner Rich Larsen, CPA, discuss hot topics for PHAs and strategies to help them address their operating needs, as well as their capital needs. They’ll discuss the current status of federal funding for PHAs and why 2022 is a critical window for PHAS, in terms of affordable housing development and preservation. They discuss the Rental Assistance Demonstration (RAD) program, considerations for low-income housing tax credit (LIHTC) properties controlled by PHAs as they reach the end of their initial 15-year compliance period. They conclude with action items PHAs can take this year.