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Affordable Housing Industry Updates, Changes to HUD, LIHTC, REAC, and USDA/RD Requirements

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Stay informed on new updates for the affordable housing industry.

Whether you work in HUD-assisted housing, Public Housing, Low Income Housing Tax Credits, or other housing programs – keeping up to date on new requirements is key to staying in compliance.

Whether you want to stay up to date on the latest updates about HUD REAC’s NSPIRE reforms, the Average Income Test for LIHTC Properties, or other updates – sign up for our newsletter to keep up to date.

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Our expert trainers regularly schedule webinars and live events to discuss new industry changes. Sign up for our newsletter to keep up on the new offerings. This includes LIHTC, USDA/RD, and HUD training with Amanda Lee Gross and Gary Kirkman and REAC and NSPIRE Training Options with Scott Precourt.

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Joe Miksch | Capital Needs Assessments

You Need This Tool: Capital Needs Assessment eTool for Asset Management Now Required

On March 29, 2023, HUD published Housing Notice 2023-03: Capital Needs Assessment (CNA) eTool for Asset Management. The bottom line is that starting on June 27, 2023, 90 days from the publication of the notice, use of the CNA eTool is required for all CNA submissions, with a limited number of exceptions. The Notice provides […]

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Amanda Gross | Capital Needs Assessments

USDA Updates Standards for Accessibility Transition Plans

On January 4, 2022, USDA Rural Development published an updated Unnumbered Letter (UL) 1-4-22 regarding the completion of Self Evaluations (SE) and Transition Plans (TP). First, and possibly most significantly, new accessibility transition plans are no longer required to be completed every three years. RD will accept a revised transition plan that has no changes other […]

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Scott Precourt | Capital Needs Assessments

Capital Needs Assessments for 202 PRACs Considering RAD Conversion

If you operate a HUD 202 PRAC, you’re now well aware that your property is eligible to convert to a new ownership structure under HUD’s Rental Assistance Demonstration (RAD) program. But how do you know if A RAD conversion is worth the time and effort? Would it be easier to ask HUD to approve a […]

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Scott Precourt | Capital Needs Assessments

Multifamily HUD Published Memorandum on New Procedures for PRAC Properties

On March 12, 2020, HUD’s Office of Multifamily Housing released a memorandum (click here to view) regarding budget-based rent increases for PRAC Properties. In July 2019, increased budget-based rents at PRAC properties were temporarily suspended, except for approving increases for core operating costs. Once the FY 2020 Appropriations bill was enacted, this suspension was lifted. […]

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Scott Precourt | Capital Needs Assessments

The Capital Concerns of 202 PRAC Program

In the mid-nineties to mid-2000s, the affordable housing industry saw an explosion in the number of properties approved and built under the Section 202 PRAC program. This program was restricted to non-profit sponsors providing housing for the elderly, and the operating subsidy was guaranteed for forty years – securing housing for the elderly for many […]

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