On September 17, 2024, Executive Directors of Public Housing Agencies (PHA) received word that the Housing Information Portal (HIP) would not be ready to accept submissions by the January 1, 2025 deadline imposed by PIH. The following day, an additional memo...
Last week, HUD finalized its calculations for the upcoming year’s passbook savings rate. The new rate has been set at 0.45% for 2025. Affordable housing programs use the passbook savings rate to calculate imputed income from assets. This number essentially represents...
The U.S. Department of Housing and Urban Development (HUD) has released the inflation-adjusted values and the revised passbook rate for 2025. These adjustments are effective from January 1, 2025, and are essential for compliance with Sections 102 and 104 of the...
The U.S. Department of Housing and Urban Development (HUD) has recently announced an important update regarding the implementation of the National Standards for the Physical Inspection of Real Estate (NSPIRE). In a notice published on July 5, 2024, HUD has extended...
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...
