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Affordable Housing Industry Updates, Changes to HUD, LIHTC, REAC, and USDA/RD Requirements
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HUD Hoping to Smooth Path to Housing for Those with Criminal Records
HUD has announced plans to issue a Notice of Proposed Rulemaking, which will make it easier for those with criminal records to qualify for subsidized housing. The announcement follows a comprehensive review of HUD regulations, policies and guidance geared toward increasing opportunities for qualified individuals and families to receive housing assistance from HUD. According to […]
Read MoreVAWA Reauthorized: HUD Strengthens Protections for Victims of Domestic Violence
The U.S. Department of Housing and Urban Development (HUD) recently announced added resources to advance housing protections for survivors of domestic violence, dating violence, sexual assault, and stalking under the Violence Against Women Act (VAWA). VAWA is a federal law originally enacted in 1994 that today protects individuals who are survivors of domestic violence, dating […]
Read MoreBe Prepared for Coming Changes to the Section 8 Renewal Rules
The U.S. Department of Housing and Urban Development’s (HUD) Office of Multifamily Housing Programs has updated guidance for owners of properties taking part in its Section 8 Project-Based Rental Assistance (PBRA) program. The changes go into effect on May 1, 2023. Further information can be found in Chapter Nine of HUD’s Section 8 Renewal Policy […]
Read MoreDUNS Number Done
With Deadline Looming, Problems Persist Nearly a Year After the Transition to UEI It makes sense that the United States Government would need to know who it is it’s doing business with, including providers of housing and housing services that receive federal money. From 1978 to April 4, 2022, the DUNS number (issued by Dunn […]
Read MoreTemporary Exception for USDA/RD Interim Recertifications
Dramatic Cost of Living Adjustment (COLA) for 2022 Cost of Living Adjustments (COLA) was announced on On October 13, 2022. The Social Security Administration announced an 8.7% COLA increase for Social Security beneficiaries beginning January 2023. This has been the largest increase since 1980 when the COLA was a remarkable 14.3%. Under the current RD […]
Read MoreIRS Published Final Regulations on the Average Income Test (AIT)
On October 7, 2022, the IRS released the long-awaited final regulation (Treasury Regulation 1.42-19), the Average Income Test (AIT). It is a great relief to see that this final regulation is a substantive departure from the proposed regulation published in 2020, which included many problematic provisions. What is the Average Income Test (AIT) again? In 2018, […]
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