News

IRS Boosts Business Standard Mileage Rates for 2023

The IRS issued Notice 2023-03, which contains the 2023 standard mileage rates used to calculate the deductible costs of operating an automobile for business, charitable, medical, or moving purposes.


HOTMA FINAL RULE

HUD has released the final rule implementing Sections 102 and 104 of the Housing Opportunity Through Modernization Act of 2016 (HOTMA).


HUD Announces 2023 Income Limits Will Be Delayed

HUD annually calculates estimates of median family income for every area of the country.


Social Security Administration Announces 8.7% Increase for 2023

The Social Security Administration has announced a 8.7% percent cost-of-living adjustment (COLA) for 2023.


To Count or Not to Count: Unemployment, Child Tax Credit, and Emergency Rental Assistance Updates

The CARES Act introduced three types of unemployment compensation


7 Simple Steps to Get your LIHTC Paperwork Under Control

The daily barrage of Low Income Housing Tax Credit (LIHTC) files paperwork can quickly make you feel overwhelmed and overloaded. Technology advancements have helped streamline some processes, but it simply cannot do much of the file processing work for us.


PART 4: WHAT TO DO IF YOU’VE BEEN DUPED BY FAKE PAY STUBS

In previous articles, we talked about fake pay stubs, how to detect them, and how to prevent being duped. But what if some slipped by you - now what do you do?


PART 3: PREVENTING FAKE PAY STUBS

In previous articles, we discussed fake pay stubs being presented by applicants and how to detect them. Here we will discuss how to be proactive so you are not duped with fake pay stubs.


PART 2: DETECTING FAKE PAY STUBS

In our first article, we discussed that counterfeit pay stubs have become a real struggle for some property managers. Others do not even realize they are blindly accepting that a pay stub is real. We cannot be expected to analyze every number and letter on every pay stub; however, we can take steps to weed out the fakes.


Stacy Day Joins KAGC as VP Operations and Innovation

Karen A. Graham Consulting is proud to announce that Stacy Day, HCCP, has joined our team as the VP of Operations and Innovation.


FAKE PAY STUBS ARE MUCKING UP INCOME VERIFICATIONS (PART 1)

Many managers rely on pay stubs to verify employment for their applicants, and some HFA’s even require it. So we are using stubs to verify employment more than ever before. Savvy housing providers, however, are finding as many as 20% of pay stubs presented are counterfeit. This has become real struggle for some property managers while others do not even realize it is happening.


Karen A. Graham Consulting, LLC, Announces Partnership With Edge2Learn

Karen A. Graham Consulting, LLC, announced today a new partnership to develop Low Income Housing Tax Credit (LIHTC) training content for Edge2Learn, an eLearning company specializing in the property management industry.