HUD Implements FAST Act, Authorizes Triennial Reexams

On Dec. 4, 2015, President Obama signed the Fixing America’s Surface Transportation Act (FAST Act) into law. The main housing feature of the law includes language giving housing authorities (HAs) and owners/managers the discretionary authority to conduct full income recertifications every three years for households with 90 percent or more of their unadjusted income from fixed-income, instead of annually.