Dos & Don'ts

Don't Use ChatGPT for Marketing Purposes

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

Keep Residents' Personally Identifiable Information Secure and Confidential

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

GAO Recommends HUD Collect Data on Reasonable Accommodation Requests

August 14, 2023    
You may soon have to report data on requests—and be subject to stricter compliance oversight.  
Feature

Final NSPIRE Inspection Standards: What You Need to Know

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

HUD Releases NSPIRE Final Scoring, Administrative Procedures Notices

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

Latest “State of the Nation’s Housing” Report Is Released

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...
In the News

HUD Announces Historic RAD Deal with NYCHA

July 14, 2023    
HUD recently announced a nearly $1 billion Rental Assistance Demonstration (RAD) transaction with the New York City Housing Authority (NYCHA) that will enable major upgrades for more than 2,000 affordable rental units in the Bronx. This is the largest transaction to date under the RAD program....
Feature

HUD Aligns Inspection Regulations, Publishes NSPIRE Final Rule

June 15, 2023    
The final rule incorporates important changes based on public comments on the proposed rule.  
Income Calculations

HUD Issues Income Limits for Fiscal Year 2023

June 15, 2023    
The average increase across all areas was 5.45 percent.   On May 15, HUD issued the fiscal year 2023 income limits that determine eligibility for various HUD-assisted housing programs, including the Public Housing, Section 8 Project-Based, Section 8 Housing Choice Voucher, Section 202 Housing...
Income Calculations

Do Community Solar Benefits Distributed to Households Count for Annual Income?

June 15, 2023    
HUD’s Office of Multifamily Housing recently issued a memo on the treatment of solar benefits for residents in master-metered buildings that use community or rooftop solar power. The guidance addresses how building owners can distribute the financial benefits of community or rooftop solar to...