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Affordable Housing Industry Updates, Changes to HUD, LIHTC, REAC, and USDA/RD Requirements

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Stay informed on new updates for the affordable housing industry.

Whether you work in HUD-assisted housing, Public Housing, Low Income Housing Tax Credits, or other housing programs – keeping up to date on new requirements is key to staying in compliance.

Whether you want to stay up to date on the latest updates about HUD REAC’s NSPIRE reforms, the Average Income Test for LIHTC Properties, or other updates – sign up for our newsletter to keep up to date.

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Our expert trainers regularly schedule webinars and live events to discuss new industry changes. Sign up for our newsletter to keep up on the new offerings. This includes LIHTC, USDA/RD, and HUD training with Amanda Lee Gross and Gary Kirkman and REAC and NSPIRE Training Options with Scott Precourt.

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Authors:
09.18.2023
Joe Miksch | REAC Inspections

HUD Delays NSPIRE Implementation for CPD Programs

Today HUD published a notice in the Federal Register announcing the extension of the date for Community Planning and Development (CPD) programs to comply with NSPIRE. HOME, HTF, HOPWA, ESG, and CoC programs now have until October 1, 2024, to comply with the new inspection standards. The previous deadline was October 1, 2023.

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09.03.2023
Scott Precourt | REAC Inspections

HUD REAC Clarifies NSPIRE Scoring Methodology

HUD REAC recently published a clarification on the HUD REAC Scoring process. In this update, there were three areas discussed: 1) Duplicate Defects, 2) Non-Scoring Deficiencies, and 3) Delayed Scoring Deficiencies. Duplicate Defects on HUD REAC NSPIRE Inspections In the final scoring notice published in July of 2023, an exception was added for “duplicated defects,” […]

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08.31.2023
Joe Miksch | Uncategorized

Rebuilding Lahaina: A Conversation with Experts

On August 8, wildfires destroyed Lahaina on the Hawai’ian island of Maui. As of today, authorities say 115 people are dead, 388 are missing, and thousands are homeless. Federal and state agencies are working to house the displaced. Many are living in hotels repurposed as shelters. HUD has awarded $1.3 Million to the state of […]

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08.30.2023
Joe Miksch | HUD and Tax Credit Compliance

Housing Needs Increase; HUD Funding in Jeopardy

In mid-July Congress took steps related to HUD’s FY24 budget that, if they come to fruition, would damage the agency’s ability to help those most in need of assistance. For example, the House Appropriations Committee approved a HUD funding bill that would slash the HOME Program allocation by $1 billion (67 percent). The bill also […]

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08.15.2023
Joe Miksch | REAC Inspections

More Changes to NSPIRE Standards

More Changes to NSPIRE Standards NSPIRE 3.0 was released by HUD on June 16, 2023. On August 11, HUD made additional changes to the NSPIRE Standards. We have updated our compact version of the NSPIRE standards on our website, and you can download an updated version of the manual now. NSPIRE went into effect on […]

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08.14.2023
Joe Miksch | HUD and Tax Credit Compliance

The Threshold for Getting a REAC Inspection Delayed for a Rehab Has Changed

In 2019, HUD issued the memo “Approving the Delay of a Physical Inspection Beyond the New Real Estate Assessment Center (REAC) Inspection Notification Timelines.” This memo informed field offices that in order for them to consider an owner’s request to delay an inspection because of a substantial rehabilitation, the total cost of the rehabilitation must […]

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