The Internal Revenue Service (IRS) has released the long-awaited Final and Temporary Regulations on the Average Income Test Minimum Set-Aside for Low-Income Housing Tax Credit (LIHTC) properties. The announcement came on Friday, October 7, 2022, and will be published...
While it’s not news to most Americans that rents have been rising precipitously for the last five to ten years, it will likely come as a pleasant surprise for folks to learn that HUD has taken bold action to increase its Fair Market Rent computations in an attempt to...
Seven years after releasing the Proposed Rule and receiving comments, HUD has published the Final Rule on the new risk-based Management and Occupancy Review (MOR) schedule, effective September 26, 2022. Under the new rule, MORs will occur on a one, two, or three-year...
On May 9, 2022, HUD’s Office of the Deputy Assistant Secretary requested owners/agents and Public Housing Agencies to advise assisted residents to sign up for the Affordable Connectivity Program (ACP). Over 11.7 million low-income households have already benefitted...
On April 21st, 2022, HUD’s Office of Fair Housing and Equal Opportunity (FHEO) released two documents designed to clarify the necessary steps to ensure that a HUD-subsidized multifamily property is in compliance with Title VI of the Civil Rights Act of 1964. Title VI...
Today, April 21, 2022, marks the 50th anniversary of the signing of the Executive Order of the President that called for the creation of the National Center for Housing Management. It is an appropriate day to look back and look forward. Over these fifty years, NCHM...
HUD Programs The 2022 Income Limits for HUD programs were released on April 18, 2022 and can be found at: https://www.huduser.gov/portal/datasets/il.html#2022 HUD income limits are effective immediately; however, before the new income limits can appear on a HUD 50059...
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...
