HUD has set the passbook savings rate for 2027 at 0.38%, effective January 1, 2027. The new rate is down from 0.40% in 2026 and 0.45% in 2025. HUD published the rate in August with its 2027 annual inflationary adjustments for programs covered by the Housing...
What is the Ratio Utility Billing System (RUBS)? The Ratio Utility Billing System (RUBS) is a strategy for allocating utility costs to residents in multifamily properties without installing individual meters in each unit. Rather than measuring exact consumption...
In multifamily property management, maintaining compliance isn’t optional, it’s the foundation of a property’s long-term viability. Yet one essential tool often gets overlooked: the lease file audit. A comprehensive lease file audit uncovers hidden...
What is AFFH? AFFH stands for Affirmatively Furthering Fair Housing, and it’s a provision embedded in the Fair Housing Act, Title VIII of the Civil Rights Act of 1968. While most of us know the Fair Housing Act prohibits discrimination in housing based on race,...
HUD’s National Standards for the Physical Inspection of Real Estate (NSPIRE) have changed how HUD-assisted housing is evaluated. For Public Housing and HUD Multifamily Housing, NSPIRE replaced the former Uniform Physical Condition Standards (UPCS) inspection model,...
If you’re managing affordable housing properties or working with HUD programs, you’ve likely encountered HUD Form 2530, a document that plays a critical role in partner eligibility and compliance. For those looking into affordable housing, we’ll...
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)? 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...
HUD’s insurance requirements are designed to protect both the property investment and the residents who call these communities home. This guide breaks down exactly what coverage HUD demands, how requirements shift across different loan programs, and what...
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...
