Jeffrey Promnitz - Housing Credit Connect - NCSHA
Last Chance to Register! Here the TOP 5 reasons to join...
June 16, is the last day to register and as the exclusive DIAMOND SPONSOR we want to "see" you there!
True or False? HUD’s Office of Multifamily Housing Programs issued recent guidance to housing providers regarding counting income from the Federal Pandemic Unemployment Compensation (FPUC) unemployment benefits, and the monthly child tax credit, provided by the American Rescue Plan Act (ARPA) to be included when calculating annual income.
Both sources of income, the $300 per week Federal Pandemic Unemployment Compensation (FPUC) unemployment benefits, and the monthly child tax credit, up to $300 per week are excluded from the annual income calculation.
For a HOME assisted unit with no other program requirements, full 3rd party recertification is required:
B. Every 6th year of tenancy
C. Every 5th year of tenancy
D. Every 6th year of the affordability period
Answer: D. Every 6th year of the affordability period
HOME Compliance Manual Page 37 (varies by state)
Charmel makes $500 bi-weekly at her job. Her roommate Jackson also makes $500 per pay period, and is paid semi-monthly. What is their total annual income from these jobs?
Answer: C. $25,000
$500 X 26 = $13,000 + $500 X 24 = $12,000
$13,000 + $12,000 = $25,000
A tenant at Whispering Hollow apartments asks the property manager for permi...
A family who initially qualified is now over the 140% limit as of their May ...
Section 504 requires that an owner must provide that newly constructed or re...
The Housing Trust Fund (HTF) is an affordable housing program that provides ...
January 11, 2022 - The IRS issued an Advance Notice today that will be published in t...
Thomas and Carla are adults living in the same unit and both have Cost of Li...