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...
Do you use TRACS to submit or track your monthly vouchers? If so, you are familiar with the annual Cyber Awareness Challenge. Each year, you are required to complete the challenge by logging in and taking on the role of a Federal agent with access to highly sensitive...
If you hold a Certified Occupancy Specialist (COS) designation you might wonder where it all began. Even if you have never wondered, it is still an interesting story. Back in the early days of federally assisted rental housing the rules were not nearly as complicated...
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...
On Wednesday, October 14, 2020, HUD’s Office of Multifamily Housing released an update to its COVID-19 Questions and Answers. The complete document can be found here. The following is a summary of the major changes and additions: CDC Eviction Moratorium The Office of...
Key Takeaways Section 8 provides direct rental subsidies through HUD, while Section 42 (LIHTC) offers reduced rents funded by tax credits with no direct subsidy. Both programs aim to support affordable housing and use HUD income limits and guidelines, but differ...
