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HUD Publishes New Proposed NSPIRE Rules and Seeks Comments

On June 17, 2022, HUD published an update in the Federal Register 24 CFR Parts 5, 92, 93, 200, 574, 576, 578, 880, 882, 884, 886, 888, 902, 982, 983 and 985 ([Docket Nos. 6086–N–02] – Request for Comments: National Standards for the Physical Inspection of Real Estate and Associated Protocols’ Comments will be accepted […]

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06.20.2022
Scott Precourt | REAC Inspections

HUD Publishes New Proposed NSPIRE Rules and Seeks Comments

On June 17, 2022, HUD published an update in the Federal Register 24 CFR Parts 5, 92, 93, 200, 574, 576, 578, 880, 882, 884, 886, 888, 902, 982, 983 and 985 ([Docket Nos. 6086–N–02] – Request for Comments: National Standards for the Physical Inspection of Real Estate and Associated Protocols’ Comments will be accepted […]

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06.14.2022
Scott Precourt | REAC Inspections

HUD Publishes Revisions to Proposed NSPIRE Standards

HUD recently published an update to seven proposed NSPIRE standards, as part of  the proposed NSPIRE protocols, which is currently being used in a demonstration program. It is important to remember that all NSPIRE standards currently being proposed will go into effect once a final rule has been published, which is expected in CY 2023, […]

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06.13.2022
Scott Precourt | HUD and Tax Credit Compliance

IRS Increases Mileage Rate for Remainder of 2022

On June 9, 2022, the Internal Revenue Service (IRS), published Announcement 2022-13, which amends optional standard mileage rates for computing the deductible costs of operating an automobile for business, medical, or moving expense purposes and for determining the reimbursed amount of these expenses that is deemed substantiated. The announcement can be viewed by clicking here. […]

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05.18.2022
Scott Precourt | HUD and Tax Credit Compliance

HUD Announces $10.3 Billion in Grants for Housing and Community Development

On May 17, 2022, HUD announced more than 10 Billion in grants for housing and community development grants. This includes much needed investments in new affordable housing, tribal housing, as well as long overdue capital fund investment for public housing modernization. “This funding is an investment in our communities and provides important services to some […]

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04.14.2022
Amanda Gross | HUD and Tax Credit Compliance

Eliminating Unnecessary Housing Barriers

On April 12, 2022, HUD published a memo titled “Eliminating Barriers That May Unnecessarily Prevent Individuals with Criminal Histories from Participating in HUD Programs.” In this Memo, HUD Secretary, Marcia L. Fudge, announced a department-wide review of HUD’s programs to identify needed changes to ensure HUD’s programs (public housing, RAD, MFH, Vouchers, etc.) are as inclusive […]

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02.23.2022
Scott Precourt | REAC Inspections

Resident, Owner, and Agent’s Rights for REAC Inspections During the Pandemic

In response to inquiries, Multifamily Housing has received regarding the COVID-19 pandemic and REAC inspections, HUD created this flyer. The flyer outlines the rights and obligations of residents, owners, and agents when a REAC inspection is scheduled. This includes: Residents have the right to decline to have their unit inspected as part of a REAC inspection […]

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