HUD recently released a new version of HUD Form 92006. This new form has an expiration date of Feb. 28, 2019. A copy of HUD Form 92006 must be attached to application/pre-applications. Owners should discard any unused version of the form with an expiration date of Nov. 13, 2015, and replace...
HUD recently released a new version of HUD Form 9834—Management Review for Multifamily Housing Projects. Form HUD-9834 is used by performance-based contract administrators (PBCAs) for management reviews of assigned Section 8 contracts. The new form fixes typos and provides a new expiration...
The Department of Housing and Urban Development Appropriations Act, 2014, made several changes to the United States Housing Act of 1937. Five streamlining changes were implemented through a Federal Register notice on June 25, 2014. And on Jan. 6, 2015, HUD issued a proposed rule codifying these...
HUD is amending the inspection protocol requirements to be followed by all Uniform Physical Condition Standards (UPCS) inspectors who conduct physical inspections of HUD-assisted and -insured properties. In 2010, HUD issued Inspector Notice 2010-01 establishing requirements when an inspector is...
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...
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...
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...
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...
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 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.
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...
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.
