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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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Scott Precourt | HUD and Tax Credit Compliance

Carbon Monoxide Alarms to Be Required in HUD and USDA Properties

Included as part of the COVID-19 relief package was a bill – H.R. 1690, which was originally passed on 9/20/2019 and is titled as the Carbon Monoxide Alarms Leading Every Resident To Safety Act of 2019.  A summary of the requirement for federally funded housing is: Carbon Monoxide Alarms Each dwelling unit assisted under this subtitle […]

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Scott Precourt | HUD and Tax Credit Compliance

HUD Provides Additional COVID-19 Waivers for Public Housing Agencies

On November 30, 2020, HUD released Notice PIH 2020-33 (HA), Rev-2, which provides several COVID-19 waivers for Public Housing and Housing Choice Voucher programs. This notice extends and modifies waivers and administrative flexibilities established in the CARES act with Notice PIH 2020-05 on April 10, 2020. This notice restates the waivers provided in April, carrying […]

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Scott Precourt | HUD and Tax Credit Compliance

New Guidance on Remote Informal Hearings for PHAs

On November 20, 2020, HUD released Notice PIH 2020-32, “Guidance for PHAs on the Allowability of Remote Hearings and Remote Briefings.” In this document, HUD discusses how to handle grievance procedure hearings and remote briefings for Housing Choice Voucher (HCV) recipients.  During the COVID-19 pandemic, the need for social distancing, particularly within indoor settings, has […]

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Scott Precourt | REAC Inspections

HUD REAC Releases FAQs about Inspections During COVID-19

On November 13, 2020, HUD REAC Released a document “HUD Real Estate Assessment Center’s COVID-19 FAQs” This document covers in specific detail some of the questions that are most commonly asked – particularly around the possibility of owners being selected for REAC inspections during the pandemic. Some of the information restates prior memorandum(s) on HUD […]

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Scott Precourt | REAC Inspections

REAC Releases Coronavirus (COVID-19) Inspection Protocol

On September 29, 2020, HUD REAC Released Inspector Notice 2020-01, detailing inspection protocols during the COVID-19 pandemic.  This REAC inspector notice provides clear and concise guidance for the return of REAC inspections. In previous correspondence with REAC leadership, they made it clear that safety would come first and this notice sets that promise to practice. […]

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Scott Precourt | REAC Inspections

Conducting Post COVID-19 Quarantine Unit Safety Inspections

REAC Inspections are resuming in the near future, and many owners and management agents are grappling with catching up on months of deferred maintenance. Now that maintenance on units has to resume, where do you begin? You begin with safety – above everything else. For months, many owners narrowed their maintenance focus to tenant-reported safety […]

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