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...
There are many different kinds of training related to programs offered by the US Department of Housing and Urban Development (HUD). The National Center for Housing Management (NCHM) offers training primarily geared to those who currently work for organizations...
Certified Occupancy Specialist (COS) is the most sought-after professional credential in the affordable housing industry. Many property management companies, governmental agencies, and other employers involved in affordable housing prefer and, often require, that...
