Feature Articles

How to Incorporate HOTMA Discretionary Policies into Tenant Selection Plans

February 14, 2024    

Update your Tenant Selection Plan by March 31.

 

According to the HUD Handbook, multifamily housing owners are required to develop and make public written tenant selection policies and procedures. This Tenant Selection Plan (TSP) describes the procedures for processing and...

HUD Releases Updated List of Federally Mandated Income Exclusions

February 13, 2024    

Four new types of income will no longer impact eligibility calculations.

 

 

Specific sources of income are excluded by federal statute from consideration as income for purposes of determining eligibility for or benefits in a HUD program. On Jan. 31, HUD...

HUD Aims to Revise How It Calculates Income Limits

February 13, 2024    

Income limit increases to be capped at 10 percent.

 

On Jan. 10, HUD published a notice on changes the agency is intending to implement to the methodology used for calculating Section 8 income limits. HUD publishes these income limits each year based on changes to each...

Follow 6 Guidelines When Creating Site’s Disaster Preparedness Plan

January 12, 2024    

Severe weather is in the forecast. Is your site prepared?

 

 

Increasingly frequent and severe weather events pose a growing threat to federally assisted housing and its residents. Extreme weather events can lead to flooding, power loss, property damage,...

Make Opioid Overdose Reversal Medication Part of Site’s Safety Toolkit

January 12, 2024    

We give you answers to four frequently asked questions.

 

 

Fentanyl and other opioids are fueling the worst drug crisis in the history of the United States. According to CDC drug overdose data, drug overdose deaths in the U.S., driven by illicit fentanyl and...

IRS Increases Standard Mileage Rates for 2024

January 12, 2024    

We review how to anticipate 2024 income with deductions for business or medical use of a car.

 

 

The IRS recently issued Notice 24-08, which contains the 2024 standard mileage rates used to calculate the deductible costs of operating an automobile for business,...

HUD Proposes “30-Day Notice” Rule for Nonpayment of Rent

December 10, 2023    

The proposed rule would formalize notice changes made during the pandemic.

 

 

HUD Reinstates In-Person Management and Occupancy Reviews

December 10, 2023    

A new HUD memo outlines required and alternative MOR procedures.

 

 

HUD’s Office of Multifamily Housing recently issued a memo announcing the reinstatement of in-person Management and Occupancy Reviews (MORs) conducted by Project Based Contract...

HOTMA Spotlight: Track Annual Inflationary Adjustments and Passbook Rate

November 13, 2023    

Prepare for how these annual changes will affect income certifications.

 

 

The Housing Opportunity Through Modernization Act (HOTMA) Final Rule requires that certain amounts used to make income, asset, and eligibility determinations be adjusted by an...

HUD Offers New NSPIRE Inspection Checklist for Voucher Inspections

November 13, 2023    

HUD’s Real Estate Assessment Center has published a new checklist that PHAs administering HUD’s Section 8 voucher programs can use to conduct the new National Standards for Physical Inspection of Real Estate (NSPIRE) inspection. This new inspection protocol focuses on the health and...

SSA Announces Modest Cost-of-Living Adjustment for 2024

November 13, 2023    

The Social Security Administration (SSA) recently announced that the Social Security and Supplemental Security Income (SSI) benefits for approximately 71 million Americans will increase 3.2 percent in 2024. The cost-of-living adjustment (COLA) will begin with benefits payable to more than 66...

HUD Delays HOTMA Implementation for Multifamily Housing

October 19, 2023    

And affirms discretionary enforcement of new asset limits.