On April 29, 2024, HUD released important guidance on the use of Artificial Intelligence (AI) in tenant selection decisions. The document highlights how even relying on seemingly objective tools may not provide enough context to arrive at appropriate tenant admission...
The long-awaited updated version of the IRS’s Guide for Completing Form 8823 has been released. The Guide was first released in 2007 to provide guidelines for preparing Form 8823, the Low-Income Housing Credit Agencies Report of Noncompliance or Building Disposition. ...
Nearly ten years after its last update, the new list of Federally Mandated Exclusions from income was published in the Federal Register on January 31, 2024. The listing adds four new income exclusions and clarifies/expands four income sources that had been described...
We sadly report the passing of William “Bill” Fitzhugh Fox, the longest serving Board member in the National Center for Housing Management’s history. Bill was 87 years old at his passing. He is survived by six children and ten grandchildren. Bill joined the NCHM Board...
It is with great sadness that we report the passing of long-time NCHM instructor and colleague, Carrie Tietjen. Carrie was 51 years old at the time of her passing. She is survived by her daughter, Nicole, son, Alex, her grandson Theo (Nicole’s son), and her sister and...
NCHM staff recently reached out to IRS officials for guidance on how the agency will handle the Housing Opportunities Through Modernization Act (HOTMA) Final Rule provisions recently issued by HUD with respect to their impact on the Low-Income Housing Tax Credit...
The U.S. Department of Housing and Urban Development (HUD) has taken a significant step in its ongoing efforts to ensure the effectiveness and smooth implementation of the National Standards for the Physical Inspection of Real Estate (NSPIRE) program. HUD has extended...
One of HUD’s key tools in ensuring affordable housing options for low-income individuals and families is the establishment of income limits. In years past, HUD has released income limits sometime between late March and early April with the stated goal of having...
In May 2016, at Congress’ direction, HUD set out to consolidate, update, and improve the Housing Quality Standards (HQS) and the Uniform Physical Condition Standards (UPCS), to implement a single inspection protocol for public housing and voucher units. After seven...
On March 27, 2023, HUD published an update to the Section 8 Renewal Guidebook for the first time since 2017. The updated guidance is centered around HUD’s standards for preparing, submitting, and reviewing Rent Comparability Studies (RCS) found in Chapter 9 of the...
