On March 17th we made the decision to halt all on-site services due to the COVID-19 outbreak. At that time, we also recommended that our industry partners only enter apartments for emergency work orders from that point forward. Many in the industry adopted similar policies, which encouraged social distancing and reduced the overall exposure of […]
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Final Rule Published Finalizing HUD Fast Act Provisions
HUD published a Final Rule finalizing the regulatory language to implement the FAST Act provisions contained in the December 2017 interim rule. This final rule includes one modification to the interim rule, which clarifies when non-fixed income sources are not required to be verified. Brief Background of the Rule On December 12, 2017, HUD published an […]
Read MoreCOVID-19 | Federal Housing Guidance – HUD, HOME & LIHTC Updates 4/17/20
This week provided the affordable housing industry with an onslaught of new guidance regarding HUD, LIHTC, and HOME housing programs. Here is a summary of the updates for each program. HUD Provides Guidance on the treatment of Stimulus Payments and Pandemic Unemployment Insurance In an update to HUD’s COVID-19 Q&A document, HUD has provided the […]
Read MoreHUD COVID-19 Updates Q&A Guidance 4/14/20
New HUD Guidance Published On April 14, HUD published another update to the HUD COVID-19 Q&A Document. (Click here to view) This update includes several new questions and answers to help owners/agents manage the challenges of this public health crisis on affordable housing management. Summary of HUD updates on COVID-19 Q&A Document Below is a […]
Read MoreCOVID-19 | Federal Housing Guidance – HUD, Rural Development & LIHTC Updates
There have been an array of updates from HUD and USDA Rural Development, and some discussion about adjustments for LIHTC. Below is a summary of Federal Housing Guidance for HUD, Rural Development, and LIHTC in response to the COVID-19 outbreak. Eviction Moratorium On March 27, 2020, the current administration signed the CARE Act to address […]
Read MoreHUD COVID-19 Updates Q&A Guidance 4/2/20
Updated HUD COVID-19 Guidance: On April 2, 2020, HUD updated the COVID-19 Q&A Guidance. In this fourth update, HUD provides updated guidance relating to the following topics: Processing of recertifications and interim certifications HUD provides updated guidance regarding the allowance of self-certification of income when a household’s income has decreased as a result of COVID-19 […]
Read MoreHUD Publishes 2020 Income Limits
On March 31, 2020, HUD published the income limits for HUD programs and the MTSP limits for the Low-income Housing Tax Credit and Tax-Exempt programs. These new income limits are effective as of April 1, 2020. These new HUD Income Limits apply to all HUD-assisted housing programs. To access the new income limits, you can […]
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