The U.S. Department of Housing and Urban Development (HUD) has taken a significant step in its ongoing efforts to ensure the effectiveness and smooth implementation of the National Standards for the Physical Inspection of Real Estate (NSPIRE) program. HUD has extended...
One of HUD’s key tools in ensuring affordable housing options for low-income individuals and families is the establishment of income limits. In years past, HUD has released income limits sometime between late March and early April with the stated goal of having...
In May 2016, at Congress’ direction, HUD set out to consolidate, update, and improve the Housing Quality Standards (HQS) and the Uniform Physical Condition Standards (UPCS), to implement a single inspection protocol for public housing and voucher units. After seven...
On March 27, 2023, HUD published an update to the Section 8 Renewal Guidebook for the first time since 2017. The updated guidance is centered around HUD’s standards for preparing, submitting, and reviewing Rent Comparability Studies (RCS) found in Chapter 9 of the...
On January 31, 2023, HUD published the Housing Opportunities Through Modernization Act (HOTMA) Final Rule, in a preview version, as its first step in implementing many sweeping changes to HUD programs. HOTMA was passed on July 29, 2016, and is aimed at modernizing...
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...
