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Affordable Housing Industry Updates, Changes to HUD, LIHTC, REAC, and USDA/RD Requirements
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Be Prepared for Coming Changes to the Section 8 Renewal Rules
The U.S. Department of Housing and Urban Development’s (HUD) Office of Multifamily Housing Programs has updated guidance for owners of properties taking part in its Section 8 Project-Based Rental Assistance (PBRA) program. The changes go into effect on May 1, 2023. Further information can be found in Chapter Nine of HUD’s Section 8 Renewal Policy […]
Read MoreIt’s Time to be Heard on NSPIRE
The public review and comment on the proposed NSPIRE physical inspection scoring and ranking methodology is now open. It closes April 27, 2023, and NSPIRE becomes the “law of the land” on Oct. 1, 2023. NSPIRE is the successor inspection protocol of the Uniform Physical Condition Standards (UPCS) and the Housing Quality Standards (HQS). The HQS […]
Read MoreHUD Publishes NSPIRE Scoring Notice
HUD published the NSPIRE Scoring Notice requesting comments on the new scoring methodology. As expected, the NSPIRE scoring methodology is considerably easier to understand and work with than under UPCS. HUD has developed the following table, which shall be applicable to all properties: The math is essentially as follows: For each of the categories above, […]
Read MoreNew Private Foundation Partnerships Seek to Build and Retain Affordable Housing
Reasonable people with good intentions can have rational arguments about nearly all aspects of affordable housing. One thing that nearly everyone can agree on, though, is that there just aren’t enough affordable housing units out there to meet demand
Read MoreHUD APPS Flagging Process May be Flawed, Says OIG Audit
HUD DID NOT SUFFICIENTLY FLAG UNACCEPTABLE PHYSICAL CONDITIONS SCORES What happens when a property fails a REAC Inspection? “A lot” is the short but not particularly helpful answer. Let’s expand on that. When a REAC score comes in under 60, the remediation process requires the owner/agent to take appropriate steps to improve living conditions for […]
Read MoreDUNS Number Done
With Deadline Looming, Problems Persist Nearly a Year After the Transition to UEI It makes sense that the United States Government would need to know who it is it’s doing business with, including providers of housing and housing services that receive federal money. From 1978 to April 4, 2022, the DUNS number (issued by Dunn […]
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