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...
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...
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 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....
HUD is accepting applications for green retrofit loans and grants until spring of 2024.
HUD is making funding available to support green and resilient retrofits of properties participating in Multifamily Assisted Housing programs. According to HUD, this funding will allow...
The Pew Charitable Trusts recently published a brief that outlines the challenges and opportunities of providing broadband internet access in federally subsidized housing. The brief highlighted HUD programs such as ConnectHOMEUSA and the use of pandemic funding to accelerate broadband deployment...
Climate-related disasters impact millions of Americans annually when roads wash out, power goes down, crops fail, and schools flood. The Federal Flood Risk Management Standard (FFRMS) was established to encourage federal agencies to consider and manage current and future flood risks. FFRMS...
The HUD Inspector General recently launched an initiative to advance environmental justice in HUD-assisted housing. In a statement, Inspector General Rae Oliver Davis said, “My office is prioritizing oversight work that promotes safe, affordable housing by reducing environmental and public...
A former housing manager was recently sentenced and ordered to pay $17,543.92 in restitution and sentenced to five years of federal probation, including six months of home detention, for altering a postal money order and embezzling more than $28,000 from the Charleston-Kanawha Housing Authority...
The White House recently announced new actions to increase fairness in the rental market and further principles of fair housing. The announcement coincides with the publications of a white paper entitled, “Blueprint for a Renters Bill of Rights,” published by the White House Domestic...
The Fair Housing Act (FHA) not only makes it unlawful for jurisdictions to discriminate, but also requires jurisdictions receiving federal funds for housing and urban development to affirmatively further fair housing (AFFH). In other words, the FHA requires them to take actions to undo historic...
On Dec. 29, President Biden signed into law a $1.7 trillion federal spending bill to fund the federal government through the end of fiscal year 2023. Congress had passed the FY 2023 Omnibus appropriations legislation with a House vote of 225 to 201 with one member voting present. The Senate...
