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Affordable Housing Industry Updates, Changes to HUD, LIHTC, REAC, and USDA/RD Requirements
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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.
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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.
Read MoreHUD 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,” […]
Read MoreRebuilding 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 […]
Read MoreHousing 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 […]
Read MoreMore 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 […]
Read MoreThe 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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