In the News

JCHS Report Shows Record Levels of Renters Are Cost Burdened

February 13, 2024    

The share of low-rent units dropped from 22% of the stock to just 16% in the past decade.

 

Harvard University’s Joint Center for Housing Studies (JCHS) recently released its biennial report on the state of rental housing in the United States (available...

HUD Publishes Green and Resilient Retrofit Program Supplemental Notice

January 12, 2024    

Owners will find more administrative flexibility within the GRRP rules.

 

 

As part of President Biden’s Investing in America agenda, HUD recently announced it’s awarding $173.9 million in new loans and grants under the Green and Resilient Retrofit...

HUD Issues 2024 Operating Cost Adjustment Factors

December 10, 2023    

The national average increase of the new OCAFs is 5.3 percent.

 

 

HUD recently announced the 2024 Operating Cost Adjustment Factors (OCAFs). These figures are used to adjust Section 8 rents under the Multifamily Assisted Housing Reform and Affordability Act of...

Top Management Challenges Facing HUD in FY 2024

December 10, 2023    

We highlight two areas of concern in the report.

 

HUD’s Office of Inspector General (OIG) recently issued its annual report summarizing what it considers the most serious management challenges facing the department. The report represents OIG’s independent...

HUD Expands Metro Areas Required to Use Small Area FMRs

November 13, 2023    

HUD recently announced that it will cover expanded housing and neighborhood choices for more than 800,000 total households using Housing Choice Vouchers to find and secure affordable housing. PHAs in an additional 41 metropolitan areas that cover more than 440,000 housing vouchers will now be...

White House Requests Funds to Extend Affordable Connectivity Program

November 13, 2023    

The White House recently made a formal request to Congress for $6 billion to extend the Federal Communications Commission’s (FCC) Affordable Connectivity Program (ACP). The ACP offers free or discounted high-speed internet to qualifying households. It provides a monthly internet discount...

HUD Charges Owner with Disability Discrimination

October 19, 2023    

The case shows how mishandling situations involving assistance animals could cost you.

 

HUD recently charged an owner with violating the Fair Housing Act by refusing a resident’s request for a disability-related reasonable accommodation to keep an assistance animal...

HUD Exercises New VAWA Enforcement Authority Against Two Housing Providers

October 19, 2023    

HUD recently announced settlements with housing providers in Nevada and California, resolving allegations that they denied housing opportunities to two women because they experienced dating violence and stalking.

HUD Updates Fair Market Rents for Fiscal Year 2024

September 18, 2023    

HUD is required by law to set Fair Market Rents (FMRs) every year. They represent HUD’s best effort to estimate the 40th percentile gross rent paid by recent movers into standard quality units in each FMR area. With the latest release, FMRs will increase by an average of...

FCC Boosts Low-Income Internet Subsidy

September 18, 2023    

The Affordable Connectivity Program (ACP) was created by Congress in late 2021 and implemented by the Federal Communications Commission (FCC) to replace a previous pandemic-related subsidy program. The FCC recently announced that it will provide a monthly discount of up to $75 toward internet...

Latest “State of the Nation’s Housing” Report Is Released

July 14, 2023    

Housing cost burdens have reached record levels.

 

The Joint Center for Housing Studies of Harvard University recently released its annual report, State of the Nation’s Housing 2023. The report combines analyses of data from the U.S. Census Bureau, HUD, Freddie Mac,...

HUD Announces Historic RAD Deal with NYCHA

July 14, 2023    

HUD recently announced a nearly $1 billion Rental Assistance Demonstration (RAD) transaction with the New York City Housing Authority (NYCHA) that will enable major upgrades for more than 2,000 affordable rental units in the Bronx. This is the largest transaction to date under the RAD program....