HUD Releases 2021 Income Limits

HUD Releases 2021 Income Limits

On April 1, 2021, HUD released new income limits for applicable rental housing programs.  Both the HUD and MTSP limits can be found at: https://www.huduser.gov/portal/datasets/il.html For the HUD programs, the income limits were effectively immediately and should be...
Determining HUD’s Imputed Interest Rate

Determining HUD’s Imputed Interest Rate

When projecting Annual Income to determine eligibility and tenant rent for the HUD affordable housing programs, PHAs and Owner/Agents must consider imputed income from the assets when the combined total of all family assets exceeds $5,000. The rule states: When net...
HUD re-starts MORs

HUD re-starts MORs

HUD has announced that Performance Based Contract Administrators (PBCAs) and HUD field offices can resume Management and Occupancy Reviews (MORs) in areas where state or local laws do not restrict them, according to a June 23, 2020 Memorandum released by HUD’s...