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Updated HUD Guidance on the Treatment of Unemployment Benefits & Child Tax Credit

HUD recently issued guidance regarding the treatment of Unemployment Benefits under the 2021 Consolidated Appropriations Act and the monthly Child Tax Credit under the American Rescue Plan of 2021. Federal Pandemic Unemployment Compensation (FPUC) Federal Pandemic Unemployment Compensation (FPUC) is an emergency program established by the CARES Act to increase unemployment benefits due to the […]

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04.30.2021
Amanda Gross | HUD and Tax Credit Compliance

Updated HUD Guidance on the Treatment of Unemployment Benefits & Child Tax Credit

HUD recently issued guidance regarding the treatment of Unemployment Benefits under the 2021 Consolidated Appropriations Act and the monthly Child Tax Credit under the American Rescue Plan of 2021. Federal Pandemic Unemployment Compensation (FPUC) Federal Pandemic Unemployment Compensation (FPUC) is an emergency program established by the CARES Act to increase unemployment benefits due to the […]

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04.27.2021
Scott Precourt | REAC Inspections

REAC Posts New COVID-19 Safety and Scheduling Procedures

On April 27, 2021, HUD released a revised Q&A document and Inspector Notice 2021-01 about REAC Inspections during COVID-19 and several other useful documents. As we mentioned last week, the “14-day Notice” rule is now being modified by having HUD REAC notify the property that an inspection is upcoming at least 28 days before the […]

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04.22.2021
Scott Precourt | REAC Inspections

REAC Inspections to Resume June 1, 2021

We received notice from our colleagues at NLHA today that REAC will resume UPCS physical inspections beginning on June 1. When this occurs, REAC will expand the 14-day notice of inspection to 28-days. HUD intends to prioritize high-risk properties and will inform affected owners beginning Monday, April 26, 2021. HUD has consulted with CDC to […]

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04.14.2021
Scott Precourt | HUD and Tax Credit Compliance

COVID-19 Supplemental Payments for Property Owners

Today HUD published a revised notice “Continued Availability of Funds for COVID-19 Supplemental Payments for Properties Receiving Project-Based Rental Assistance under the Section 8, Section 202, or Section 811 Programs.” This notice allows for property owners to apply for funding to offset and reimburse expenditures made to combat COVID-19.  With recent updates, these expenses can […]

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04.12.2021
Scott Precourt | REAC Inspections

REAC Inspection Return to Operations to be Revised

Earlier this month, HUD REAC sent a notice to currently certified REAC Inspectors on the status of the Return to Operations plan. As many may remember, HUD REAC technically returned to operations in October of 2020, however, the status of the pandemic made the resumption of inspections very limited. Now, with the status of the […]

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04.08.2021
Scott Precourt | REAC Inspections

HUD NSPIRE Standards Version 2.1 Released

HUD REAC has published an update to the NSPIRE standards – which is version 2.1. The previous version was 1.3, and in this new version, some of the standards in the previous versions have been changed dramatically, some subtly, and others have remained essentially as previously proposed. This update of the NSPIRE standards provides industry […]

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