What is Fair Market Rent?

What are Fair Market Rents? Fair Market Rents (FMR) are rental price estimates published annually by the U.S. Department of Housing and Urban Development (HUD). These figures serve a critical role in housing assistance programs, particularly the Section 8 Housing...

What Is Area Median Income (AMI)?

What is Area Median Income (AMI)? Area Median Income (AMI) is the midpoint household income for a specific geographic area, calculated annually by HUD, where half of the households earn more and half earn less. While AMI is commonly used, HUD’s official term is...

What is the Low-Income Housing Tax Credit Program (LIHTC)?

The Low-Income Housing Tax Credit (LIHTC) represents the federal government’s most significant tool for encouraging affordable housing development. Since its creation in 1986, the program has financed more than three million affordable rental units across the...

What Are Project Rental Assistance Contracts (PRAC)?

What is a HUD Project Rental Assistance Contract (PRAC)? A Project Rental Assistance Contract (PRAC) is a rental subsidy program administered by the U.S. Department of Housing and Urban Development (HUD) under Section 202 and Section 811 of the Housing Act. The...

Emergency Management for Property Managers

When a pipe bursts at 2 a.m. or a resident loses heat during a winter storm, the clock doesn’t stop, and neither can we. After hours emergencies test every property management team’s preparedness, responsiveness, and ability to protect both residents and...

What is Section 811 Housing?

Program Overview Section 811 of the National Affordable Housing Act authorizes HUD to provide funding for supportive housing designed for extremely low-income adults with disabilities. The program operates through two distinct models: the Project Rental Assistance...