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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.

Learn About New Training Opportunities

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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10.21.2022
Scott Precourt | REAC Inspections

All REAC Inspections to use NSPIRE Standards Starting October 2023

HUD’s NSPIRE changes to REAC are on pace to roll out as of October 1, 2023. On October 19th, our Founding Partner, Scott Precourt, participated in a panel discussion at the NLHA Conference in Washington, DC, and received an update on the demonstration program. The Deputy Assistant Secretary of HUD REAC shared NSPIRE’s advancements through […]

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10.09.2022
Amanda Gross | HUD and Tax Credit Compliance

IRS Published Final Regulations on the Average Income Test (AIT)

On October 7, 2022, the IRS released the long-awaited final regulation (Treasury Regulation 1.42-19), the Average Income Test (AIT).  It is a great relief to see that this final regulation is a substantive departure from the proposed regulation published in 2020, which included many problematic provisions. What is the Average Income Test (AIT) again? In 2018, […]

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08.09.2022
John Broderick | HUD and Tax Credit Compliance

Protect and Renew the Community Reinvestment Act

Protect and Improve the Community Reinvestment Act  Financial regulators are reviewing proposed changes to the Community Reinvestment Act (CRA).  The Office of the Comptroller of the Currency, FDIC, and Federal Reserve have published a joint Notice of Proposed Rulemaking (NPR). Some of the proposals are quite positive. However, we fear some proposals will lead to […]

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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 are 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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