When:
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Meeting ID: 291 278 921 882
Passcode: WUuwKK
Or call in (audio only): 414-251-0392
Phone Conference ID: 252 725 593#
Reminders:
The tenant portion of the rent is proportionate to the tenant’s reported income. When the tenant’s reported income goes up or down, the tenant’s portion goes up or down. If a tenant income goes up $100, tenant’s portion of the rent is going to go up $30, even if the landlord were to lower the rent.
Should the tenant not want to sign rent increase form, you can decide to keep tenant at current rate or give the tenant and HACM a 60 day notice that you will not renew the lease.
Submit rent increases to section8leasing@hacm.org. We are now acknowledging receipt of all documents sent to section8leasing@hacm.org. We will call you if the rent is too high. In the case you don’t hear from us and you do not see new amount reflected in the lease renewal, forward to Stephen.fendt@hacm.org the Rent increase email you previously sent in.
When: Today, September 26, 2024 | 7:00 PM ET (6:00 PM CT)
In this webinar, Theresa Knower, President of Equity 1031 Exchange, covers:
Link to Register
By Erika Morphy, Globe St (Shared Via American Apartment Owners Association)
Apartment rent fraud is rapidly emerging as a major concern for property owners and managers in the real estate industry. This deceitful practice involves applicants using fake documents to misrepresent their financial status, affecting all types of multifamily properties, from affordable units to luxury apartments.
The financial repercussions are significant, with eviction costs averaging between $20,000 to $25,000 per apartment. Despite these high costs, only 17% of multifamily property owners have implemented comprehensive fraud prevention systems, underscoring a critical need for improved measures.
Read the Full Article Here
By Jennifer Ludden, NPR
The Department of Housing and Urban Development is exploring the idea of giving struggling Americans cash aid instead of vouchers. That might seem like an unlikely, bold new move for the federal housing agency — except it turns out that back in the 1970s, HUD was already testing the idea.
Before the cash-aid results were even in, however, HUD launched its voucher program that now serves millions of people. A few years ago, a HUD employee came across the reports from its 1970s tests and wondered whether the idea was worth a new look.
“It’s taken us 50 years to come back to it and really experiment with it once again,” says Solomon Greene, who helps develop policy at HUD.
By Mariam Mackar, TMJ4
There are more than a thousand short-term rental properties in the city of Milwaukee, but a group of small-business owners is worried that some new city rules will put them out of business.
One suggested strategy includes implementing an owner-occupancy rule, meaning the main owner or occupant of the property would have to be present while it is being rented out.
Lisa Loesel, the founder of Short and Suite Home Stay Management, oversees just over 20 short- to mid-term rental properties in the city.
She's part of a local coalition of nearly 30 rental hosts who are worried about these potential future city rules. Loesel says the owner-occupancy rule alone would eliminate most of the rental properties in the city.
The Metropolitan Milwaukee Fair Housing Council is offering free in-person fair housing training seminars for owners and managers of rental housing in the City of Milwaukee:
Saturday, September 21, 2024
Friday, September 27, 2024
Monday, September 30, 2024
Wednesday, October 9, 2024
To register for any of these seminars, visit THIS LINK or call 414-278-1240.
These seminars will include information about the protected classes and prohibited practices delineated by local, state, and federal fair housing laws, as well as reasonable accommodations and modifications for tenants with disabilities.
By Attorney Heiner Giese, RPA Legal Counsel
Link to Article from the New York Times
Our next president could do much to unwind America’s housing shortage, which has its roots in regulations enacted by innumerable municipalities. But “not in my backyard” towns won’t start building out of the goodness of their hearts. To unleash enough new building to bring affordability, we need to dust off our history books and remember how this country raised the legal alcohol drinking age. The National Minimum Drinking Age Act of 1984 demanded states raise the minimum age to buy or publicly possess alcohol to 21 — or face a reduction in federal highway funds. The threat of losing such funds is a big stick.
Not all of the NIMBY crowd are mid-to-upper class suburbanites seeking to "preserve and protect" their leafy, single family neighborhoods from an influx of noisy tenants who'd be moving into the newly-built (thanks to zoning changes) 12-family on the corner.
Recent example from Milwaukee's inner city: A typical block might have been built 80 years ago with 10 single family houses on one side of the street. Now perhaps half the houses are gone (maybe all of them if this were Detroit) due to urban blight and housing crash foreclosures. Affordable housing advocates have proposed putting a 12-family on one of the corners where two duplexes used to stand. It would be by a non-profit developer using some govt grants.
Waaait a minute!! Say the owners of the remaining houses next to that vacant site. Go gentrify somewhere else! The local alderman is now also opposed. The story hits the news.
The sad truth is that new RENTERS are often not welcomed by existing HOMEOWNERS. Another example of that is the proposal to prevent investors from buying single families to rent out. They're destroying the American dream of home ownership! Let the renter who otherwise might occupy one of Blackrock's investment single families move in to a nice, new 12 family -- the one on a bus line being built on the vacant lot behind the new Walmart.
Freddie Mac and Fannie Mae have announced new tenant protections for residents in multifamily properties with mortgages backed by the two Government-Sponsored Enterprises (GSEs), according to a release from the Federal Housing Finance Agency (FHFA).
The new multifamily lease standards policy requirement starting February 28, 2025 will require borrowers with new Enterprise-backed financing to provide residential tenants the following three minimum standards which will be included in all residential leases at properties for which applications for new loans are signed on or after the effective date.
The new multifamily least standards are:
FAQ
Topic: Fair Housing & Mobility: Expanding Housing Options
When: Tuesday, August 27, 2024 at 10:00am
Learn more about the benefits of mobility programs. Presentation by the Milwaukee Metropolitan Fair Housing Council
Microsoft Teams
Meeting ID: 214 491 780 272
Passcode: PTfnnW
Dial in by phone
+1 414-436-3530,,711142758# United States, Milwaukee
Phone conference ID: 711 142 758#
Posting a Property
We direct all voucher families and potential housing providers to visit:
https://www.affordablehousing.com/
Please consider listing your available units here. You have to register an account, but you are able to list your units for free.
Rent Increases
Rent Increase Form
The tenant portion of the rent is proportionate to the tenant’s reported income. When the tenant’s reported income goes up or down , the tenant’s portion goes up or down. If a tenant income goes up $100, tenant’s portion of the rent is going to go up $30, even if the landlord were to lower the rent.
New Contracts
After a unit passes inspection, the file gets sent to a HACM lease and contract specialist to draw up lease amendment and HAP contract. Normally this should take no more than two weeks. However, if a tenant's income has not been verified within the last 120 days, the contract will be held until we are able to obtain the tenant's current income verifications.
Tenant Accountability
If a tenant is violating the lease agreement or not paying their portion of the rent, provide section8leasing@hacm.org a copy of the 30 day notice you give to tenant to and we will send the tenant a Warning letter.
Landlord Portal
Through the Landlord Portal you are able to access real time information from our system regarding inspections, payments and lease information. Please register if you have not yet done so. You will need a registration code to register, send Stephen.fendt@hacm.org your name and the last four of your tax id, and we will get the code to you.
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