You may have thought that in affordable housing when you received the keys that the tenant was considered to be moved out, but that is simply not the case. A property cannot wait on moving out a tenant because they didn’t receive their keys, especially when they know that the unit has been vacated. [...]
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I understand why Owners of HUD subsidized properties and Management companies are sometimes afraid to spend money on training their staff. Some folks had some questions about whether or not the classes would be considered HUD approved training expenses and others had concerns they are afraid to spend too much on training for fear their [...] I had a client email me to ask if he was required by the ADA compliance to install a pool lift; “One of our properties is in the process of building a pool which will open in May. It is a Tax Credit property. Do we have to install a lift chair due to the [...] As you may or may not have noticed, nobody from HUD or your Contract Administrator is knocking on your door to perform your annual management occupancy review (MOR). This past year all of the performance-based contracts went out for re-bid. Some PBCA’s were happy with the results but most were not. The eleven PBCA awards [...] I recently received a call from a client asking how long should a resident be considered a tenant if they are only there 6 months a year. What is a reasonable amount of time before you determine that this tenant has been gone for a while? Is it 2 weeks, 4 weeks…what is the limit [...] The U.S. Department of Housing and Urban Development (HUD) has just released the 2012 Income Limits for both LIHTC and Section 8 however they are on separate web pages. The MTSP income limits are to only be used by projects financed with tax-exempt housing bonds – referred to by HUD as Multifamily Tax Subsidy Projects [...] “Safety First”…is one of those phrases we hear quite often…especially if you have kids or loved ones. When it comes to where we live, no matter what type of affordable housing we live in there resides the possibility of the silent killer…Carbon Monoxide. HUD has created a division called Healthy Homes Program to combat this [...] Our TRACS industry meeting began on a sad note: Willie Spearman, Gail Williamson and Deb Lear have announced their retirement from HUD. These three individuals have made large contributions to the multifamily housing industry. They will be sorely missed! Also discussed at the TRACS industry 202D working group meeting last week was how to address [...] I have attempted to assemble a list of best practices observed by O/A’s that work with multifamily affordable housing. The list is not all inclusive or in order of importance. The ideas presented are merely another tool to assist O/A’s in the challenging role of retaining tenants and trying to keep units fully occupied by [...] There is no doubt about it, I am a “News Hound”. I watch the news all of the time. One of the most gripping headlines always includes how a woman or a child was assaulted by a sexual predator. MSNBC has even created a long going documentary called “To Catch a Predator”. I have [...] I recently read the most appalling article where HUD brought charges to the owner of a five-unit apartment building in Lebanon, NH, for violating the Fair Housing Act because the landlord allegedly refused to rent one of the units to a family with children. HUD is pursuing these charges on behalf of a mother with [...] Looking out of my office window and anticipating the snow’s disappearance, I am anxiously awaiting the emergence of my flowering bulbs. I was reminded of how my three little boys and I planted the seeds and bulbs last year. Even more important was the memory of how much fun it was when we all worked [...] Let us discuss which EIV reports should be maintained in the file. There is no doubt that HUD’s RHIIP initiative (through EIV) has done a great job to reduce over-payments and underpayments to HUD. On the other hand, a great responsibility has been added to the O/A in regard to HUD reporting. I must say, [...] What to do, Where to go and What about the office? We never expect tragedy to hit home, but what if…. Listen, if we could predict the future, we would all be very wealthy. But we can’t! What you can do is be as prepared as you can be. Let me ask you, when is [...] Since I have had recent inquiries abut this policy it spurred me to think how such a policy could affect the multifamily affordable housing owner. The HUD issued Notice H10-21 “Optional Smoke-Free Housing Policy Implementation” encourages owners and management agents to implement smoke-free housing policies in some or all of the properties they own or [...] |
           
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