Income Calculations

The U.S. Constitution mandates that a census of the population be conducted once every 10 years. Census data is used to determine the number of seats each state holds in Congress and how more than $675 billion in federal funds are distributed back to states and local communities every year for...

For Section 221(d)(3) and (d)(4) BMIR multifamily housing, HUD subsidizes an owner’s mortgage by lowering the mortgage interest rate. Sites subsidized under this program are sometimes referred to as Below Market Interest Rate (BMIR) property. Rents aren’t based on a percentage of a...

According to recently issued RHIIP ListServ Posting #411, HUD has been advised that a number of owners/agents are encountering old or missing data when attempting to view EIV reports for some or all of their sites. If you’re encountering these issues, for compliance monitoring purposes,...

On Nov. 18, 2015, HUD published a joint notice under Notice PIH 2015-21: Amendment to the Definition of Tuition, which formally amends the definition of tuition found in Eligibility of Students for Assisted Housing Under Section 8 of the U.S. Housing Act of 1937; Supplementary Guidance [71 FR...

When certifying and recertifying households, you may come across certain items that look like income, but that HUD doesn’t consider income. It’s important to recognize these items and not mistakenly count them in a household member’s annual income. Otherwise, you’ll...