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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 of the proposals will […]

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Andrea Champine | HUD and Tax Credit Compliance

SSN Requirements HUD vs LIHTC

SSN Requirements in HUD vs. LIHTC Lately, we have had a lot of questions from our Certification Approval clients about the requirements of Social Security Number disclosure on LIHTC vs. HUD programs. The most complex part of performing Move-In File Audits on multiple funding programs is helping our clients to understand why the same family […]

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Scott Precourt | REAC Inspections

REAC & Reasonable Accommodations

Reasonable Accommodations – Missing/Disabled Appliances on REAC Inspections Over the last few months, we have received a number of questions from clients and from attendees at our conferences and speaking engagements about “reasonable accommodations during UPCS Inspections”. Most commonly the question has been related to stoves that have been removed or disabled due to a […]

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Scott Precourt | REAC Inspections

HOME Program Switches to UPCS Inspection Protocol

HOME Program Adopts UPCS Inspection Standard The 2013 Rule confirms the adoption of Uniform Physical Condition Standards (UPCS), a uniform national inspection standard established by HUD. This protocol determines whether housing is decent, safe, sanitary, and in good repair or not. The rule adopting UPCS for the HOME program will impact both existing HOME-assisted housing, […]

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