A notice was published in the federal register on January 13, 2021, Docket No. FR-6086-P-01 24, related to NSPIRE implementation. This notice is applicable to several HUD funding programs, including HUD Multifamily Section 8, Public Housing, Voucher programs (HCV and PBV), HOME, Mod Rehab, Housing Trust Fund, and Office of Community Planning and Development Programs. CFR […]
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HUD Publishes Updated COVID-19 Q&A 01-04-21
On January 4, 2021, HUD published an update to the HUD Multifamily Housing COVID-19 Q&A. Many of the updates made to existing answers were to extend the expiration date of certain relief provisions from December 31, 2020, to May 31, 2021. Other updates addressed using common areas of assisted properties to provide vaccines, the financial […]
Read MoreHUD Updates Guidance on Electronic Signatures and File Storage
On November 6, 2020, HUD published Notice H 2020-10. In this notice, HUD provides clarification to the Electronic Signatures and Electronic File Storage guidance previously published on May 26, 2020, Notice H 2020-04. You can read my article about the original notice from June 1, 2020, by clicking here. Notice H 2020-4 permits IPAs (Independent Public […]
Read MoreIRS Publishes Proposed Regulations for the Average Income Minimum Set Aside Election
On Friday, October 30th, the IRS published proposed regulations related to the Average Income Minimum Set Aside Test under the LIHTC Program. The IRS is proposing changes (click here to read full proposed regulation) to Treasury Regulation 1.42-15, which speaks to the Next Available Unit Rule, and is proposing anew Treasury Regulation, 1.42-19, which speaks […]
Read MoreSSA Announces 2021 Cost of Living Increase
On 10/13/20, the Social Security Administration (SSA) announced a 1.3% Cost of Living Adjustment (COLA), increasing the benefit amount for recipients beginning January of 2021. As the SSA has published this information, it is considered “verifiable,” and the COLA may need to be included when determining annual income. LIHTC, RD, and HOME For LIHTC, RD, […]
Read MoreHUD Published Updated COVID-19 Q&A 10-14-20
On October 14, 2020, HUD published another updated COVID-19 Q&A, which was last updated on 7/31/2020. While most of the added guidance relates to the CDC Eviction Moratorium, this latest update extends the dates for certain relief provisions and discusses “Hazard Pay” when determining annual income. The HUD Q&A document discusses several changes for MAP Lending […]
Read MoreHUD Publishes Updated COVID-19 Q&A 7/31/20
On July 31, new HUD Updates for Coronavirus were released in an updated COVID -19 Q&A. In this update, in addition to updating a few existing answers, HUD also added four new questions and answers. Testing and Face Masks HUD addressed whether or not owner/agents can require applicants/tenants to be tested for COVID-19, and also discussed […]
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