Compliance

Compliance

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...

Take Three Steps to Prevent Subsidy Abuse When Household Member Moves Out

August 17, 2014    

The departure of a household member can bring about changes that affect a household’s subsidy as well as other aspects of its placement at your site. HUD expects you to stay on top of such changes so that your households are paying the correct amount of rent and your assisted units are...

How to Handle the Death of a Household Member

July 10, 2014    

By Daniel Bagliore

Dealing with the death of a resident is an understandably difficult task for any site manager. The manager must be sensitive to the fact that the family is grieving the loss of a loved one, busy with funeral arrangements, and handling the financial affairs of...

Congress Updates List of Federally Mandated Income Exclusions

June 16, 2014    

On May 20, the Federal Register published an updated list of income exclusions specifically mandated by federal laws. There are three new exclusions and changes to two of the existing exclusions, and due to the addition of Exclusion (16), the exclusions following it have been renumbered.

How to Avoid Five Replacement Reserves Account Missteps

May 20, 2014    

HUD requires most assisted housing sites to maintain a reserve for replacements account so funds are readily available to pay for repair and replacements of major systems and capital items. These are items that usually last more than one year, such as elevator systems or major appliances in...

Use Checklist to Prepare Documents for Annual Audit

April 17, 2014    

Over 20,000 multifamily housing program participants are required to submit annual electronic financial statement data to HUD for assessing the financial condition of multifamily housing sites. On Feb. 14, 2014, the Real Estate Assessment Center updated its Financial Assessment Sub-System to...