Feature

HUD Announces 2025 Inflationary Adjustments and Passbook Rate

August 21, 2024    
You’ll use the new figures when calculating household income in 2025.     HUD recently released its annual inflationary adjustments for 2025, impacting tasks such as income certifications and asset level determinations under the Housing Opportunity Through Modernization Act (HOTMA...
Certification

How to Treat Household’s Nonrecurring Income Under HOTMA

August 21, 2024    
There’s a narrower definition of excluded income now.    
HUD Audits

PHA Didn’t Have Adequate Oversight of Lead-Based Paint in Its Housing

August 21, 2024    
HUD takes enforcement of the Lead Safe Housing Rule seriously.     HUD’s Office of Inspector General (OIG) audited the Cuyahoga Metropolitan Housing Authority’s management of lead‐based paint in its public housing program. It was picked for audit based on the office’s...
In the News

Senate Appropriations Committee Passes FY 2025 Transportation-HUD Bill

August 21, 2024    
Funding for tenant-based vouchers would increase $2.9 billion above FY 2024.   On July 25, in a 28 to 1 vote, the full Senate Appropriations Committee approved the Transportation, Housing and Urban Development, and Related Agencies Appropriations Bill. The bill includes higher funding levels...
In the News

HUD Seeks Feedback for Direct Rental Assistance Pilot Project

August 21, 2024    
Subsidies would be given directly to the renter, rather than to the site.   HUD is seeking to test whether rental assistance is more effective if it’s provided directly to families, with no requirement that a site owner enter a contract with a housing agency or meet other administrative...
Feature

Responding to Extreme Heat: HUD Offers Help to PHAs

July 22, 2024    
Notice offers multiple strategies PHAs can take to protect residents.     In recent weeks, many parts of the country have been experiencing extreme temperatures. And above-average summer heat is expected to increase in frequency and duration for the remainder of July into early August. In...
Compliance

NSPIRE Compliance Date for Voucher Programs Delayed Again

July 22, 2024    
PHAs persuaded HUD to give them more time.     On July 5, HUD released a notice extending the compliance date for HUD’s National Standards for the Physical Inspection of Real Estate (NSPIRE) final rule for a number of HUD programs until Oct. 1, 2025. This notice is the second...
Screening Applicants

Michigan Owner Settles HUD's VAWA Discrimination Complaint

July 22, 2024    
And agrees to a financial payment and training.     A recent conciliation agreement between HUD and a Michigan housing provider shows that HUD continues to monitor compliance with the Violence Against Women Act.
In the News

State of the Nation’s Housing: Rents, Cost Burdens Remain High

July 22, 2024    
Rents continue to rise far faster than wages.   The Joint Center for Housing Studies of Harvard University recently released the latest version of its annual report, The State of the Nation’s Housing 2024. The report finds that housing costs continue to rise for both the for-sale and the...
In the News

Housing Coalition Calls on Lawmakers to Address Rising Insurance Costs

July 22, 2024    
Annual premium increases for affordable housing sites are ranging from 30% to 100%.   A broad coalition of groups representing America’s housing providers, lenders, and residents recently sent members of Congress and the Biden administration a letter outlining a number of bipartisan...