HUD Issues Passbook Savings Rate Effective Feb. 1

February 15, 2016    

HUD recently issued a new notice regarding the passbook savings rate, effective Feb. 1, 2016. The passbook savings rate hasn’t changed since 2014. The passbook savings rate to be used for all move-in, initial, annual, and interim recertification when a family has net assets over $5,000 is...

HUD Publishes Operational Cost Adjustment Factors for 2016

November 12, 2015    

On Oct. 13, HUD published the Operational Cost Adjustment Factors (OCAFs) that will go into effect nationwide for eligible multifamily housing projects having an anniversary date on or after on Feb. 11, 2016. These factors are used for adjusting or establishing Section 8 rents under the...

HUD Issues Revised Section 8 Renewal Policy Guidebook

October 15, 2015    

In August, HUD issued the long-awaited update to the Section 8 Renewal Policy Guidebook. This document applies to project-based Section 8 contracts, referred to as HAPs or PBRA contracts, and is important in establishing rents for the bulk of the existing subsidized housing portfolio. The last...

Put Nondiscrimination Language in All Written Communications

October 15, 2015    

Like most sites, you communicate in writing with the public, applicants, and residents nearly every day. For example, you probably send out applications, leases, 50059 certification forms, letters, notices, brochures, and flyers. But did you know that HUD requires each of these written...

HUD Clarifies New Methodology for Calculating Utility Allowances

September 29, 2015    

In HUD multifamily sites where the residents pay either all or a portion of their own utility expenses, HUD provides a utility allowance in addition to the subsidy for each unit. This utility allowance is based on an estimate of the average monthly utility costs for each unit size.

HUD Issues New Utility Allowance Analysis Guidance

July 14, 2015    

HUD recently released Housing Notice 2015-04 entitled Methodology for Completing a Multifamily Housing Utility Analysis. It provides instructions to owners and management agents for completing the utility analysis required with annual rent adjustments.

HUD Explains What Happens When a Site Gets a Failing REAC Score

March 16, 2015    

Nearly 4 million American families live in rental housing that is owned, insured, or subsidized by HUD. To ensure that these families have housing that’s decent, safe, sanitary, and in good repair, HUD’s Real Estate Assessment Center (REAC) conducts approximately 20,000 physical...

HUD Issues Memo on Use of Marijuana in Multifamily Properties

January 22, 2015    

On Dec. 29, HUD issued a memo, “Use of Marijuana in Multifamily Properties,” on the use of medical marijuana at assisted housing sites. The memo was issued due to questions concerning the use of marijuana at sites in states that allow the use of medical marijuana.

HUD Proposes Public Housing, Voucher Rules Implementing FY 2014 Appropriations Act

January 22, 2015    

On Jan. 6, HUD published proposed rules to codify statutory changes made by the fiscal year (FY) 2014 Appropriations Act relating to certain elements of the public housing and Housing Choice Voucher (HCV) programs. HUD also proposes changes to streamline some regulatory requirements in order to...

Waiting List Administration Notice Issued by Office of Multifamily Housing

December 15, 2014    

HUD’s Office of Multifamily Housing Programs recently issued Notice H 2014-16, which covers topics such as opening waiting lists, placing applicants on waiting lists, and outreach to potential applicants. The notice doesn’t mandate any new practices for owners, but rather provides...

What Extra Fees Are Allowed for Items or Services

October 17, 2014    

You may want to charge households extra fees for certain items or services, especially ones that cost you money. For instance, you may want to charge households a fee for paying rent late or for transferring to another unit.

But HUD doesn’t let you charge households fees over and...

HUD Updates REAC Inspection Rules

September 12, 2014    

On Aug. 12, HUD issued a new Real Estate Assessment Center Compilation Bulletin that supersedes all previous editions and any preceding separate guidance. The bulletin provides updated guidance to Real Estate Assessment Center (REAC) inspectors, answers some of the most common questions received...