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Thank you for reading Mid-Atlantic AHMA's monthly newsletter. Visit www.mid-atlanticahma.org for more information on anything in the newsletter. 
September 2014
Newsletter 

Earlybird Rate Ends Oct. 1!

Earlybird registration, including member-only registration ends Oct. 1. Don't miss out on great rates to the 19th Annual Affordable Multifamily Rental Housing Conference.

>>>>Register here!

 

Expanded Maintenance Workshop

Last year the Maintenance Workshop sold out and received great reviews. This year we decided to expand it. Read all of the details and register for the Workshop by clicking here.

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Question: What are the submission requirements for the Utility Allowance?


Tim Shearer’s Answer:

Utility Allowances are required to be adjusted every year at the time of annual and special adjustments of contract rents.

The 4350.1 states that “Each owner must submit a summary supporting the proposed change to the utility allowance”. That summary should:
  • Identify the types of utilities covered by the utility allowance (gas for heating, etc.).
  • State whether any utility rate increases or decreases were implemented during the past 12 months or are expected to be implemented during the next 12 months and the amount for those increases or decreases.
September Expert
Tim Shearer is the Contract Administration Coordinator for Navigate Affordable Housing Partners in the Commonwealth of Virginia. Tim has held various positions in his 23 years in property management.


Email your questions to midatlanticahma@verizon.net. Ask any compliance or general management question concerning affordable multifamily rental housing (Section 8, HOME, LIHTC, Rural Dev., etc.)

In This Issue

  • 2014 Fall Conference
  • Challenge the Expert
  • Notices & Regulations

 

Giving Back at the Conference

Buy raffle tickets at the Affordable Multifamily Rental Housing Conference and support resident scholarships. Bring canned goods and support FeedMore. Read more about MA-AHMA Giving Back here.

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Notices & Regulations
Monthly Updates from HUD

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Featured Resources

Mid-Atlantic AHMA has an extensive Resources section on the website. Take a look if you get a chance; we think you'll find some helpful information there, including:
  • Job Board
  • Vendor Information
  • HUD Notices
  • Government Agency Information
  • Management Tools
  • Helpful Articles
  • And More!
Go to mid-atlanticahma.org and scroll over to the Resource menu option. There you will find all of these resources and more!

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The material contained in this newsletter is not comprehensive of the continually emerging issues surrounding policies in The Multifamily Housing industry. Our readers should understand that these materials are not designed for, nor should they be relied upon, as a source of legal guidance or as a final authority with respect to any particular circumstance. The Mid-Atlantic Affordable Housing Management Association and its contributors make no warranty of merchantability or fitness for a particular purpose or any other warranty of any type with regard to these materials. Owners and management should seek competent legal advice in developing and carrying out housing policies and procedures. While we have been diligent in our efforts to provide comprehensive and accurate regulatory training and resources, MAHMA and its contributors shall not be responsible for errors or inaccuracies.