The highly anticipated Operating Cost Adjustment Factors (OCAFs) for 2023 were released on November 15th. As expected, the OCAFs are much higher than usual and are reflective of changes in HUD’s methodologies, recent economic circumstances, inflation, and...
The long-awaited Cost of Living Adjustment (COLA) for Social Security benefits was announced on Thursday, October 13th. Social Security and SSI recipients will see their entitlements increase by a staggering 8.7% beginning in January 2023. This, combined with the fact...
While it’s not news to most Americans that rents have been rising precipitously for the last five to ten years, it will likely come as a pleasant surprise for folks to learn that HUD has taken bold action to increase its Fair Market Rent computations in an attempt to...
On May 9, 2022, HUD’s Office of the Deputy Assistant Secretary requested owners/agents and Public Housing Agencies to advise assisted residents to sign up for the Affordable Connectivity Program (ACP). Over 11.7 million low-income households have already benefitted...
As part of its ongoing commitment to provide decent, safe, and sanitary housing, HUD has announced that all federally-assisted units must be equipped with carbon monoxide detection systems no later than December 27, 2022. Notice 2022-01, published on January 31, 2022...
