In the News
September 18, 2023
HUD is required by law to set Fair Market Rents (FMRs) every year. They represent HUD’s best effort to estimate the 40th percentile gross rent paid by recent movers into standard quality units in each FMR area. With the latest release, FMRs will increase by an average of approximately...
In the News
September 18, 2023
The Affordable Connectivity Program (ACP) was created by Congress in late 2021 and implemented by the Federal Communications Commission (FCC) to replace a previous pandemic-related subsidy program. The FCC recently announced that it will provide a monthly discount of up to $75 toward internet...
Feature
August 14, 2023
Do you factor the benefit into the tenant’s utility allowance or include it in annual income?
Screening Applicants
August 14, 2023
And denying admissions into the Multifamily Housing program.
Earlier this year, the White House published a “Blueprint for a Renter Bill of Rights” that was intended to support the development of policies and procedures that promote fairness for those living in rental housing. In...
Dos & Don'ts
August 14, 2023
Like other real estate businesses, you may be using ChatGPT, Bard, Bing, and other generative AI products, a.k.a. chatbots, for marketing purposes, such as developing advertising strategies, analyzing housing markets, and generating property listings, ads, social media posts, and other marketing...
Dos & Don'ts
August 14, 2023
Remember to redact personally identifiable information (PII) when submitting or transmitting documents to contract administrators. It’s important to protect this information because owners and their employees are subject to penalties for unauthorized disclosure of applicant or resident...
HUD Audits
August 14, 2023
You may soon have to report data on requests—and be subject to stricter compliance oversight.
Feature
July 14, 2023
The notice marks the first comprehensive overhaul of inspection standards in 20 years.
HUD recently published the Final Notice for the National Standards for the Physical Inspection of Real Estate (NSPIRE) in the Federal Register. There are four main notices to HUD’s final package of...
Compliance
July 14, 2023
We highlight the noteworthy changes and clarifications in both notices.
HUD’s National Standards for the Physical Inspection of Real Estate (NSPIRE) changes are scheduled to be effective for multifamily inspections as of Oct. 1, 2023. And public housing inspections under the new...
In the News
July 14, 2023
Housing cost burdens have reached record levels.
The Joint Center for Housing Studies of Harvard University recently released its annual report, State of the Nation’s Housing 2023. The report combines analyses of data from the U.S. Census Bureau, HUD, Freddie Mac, the National...