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HUD Publishes New Proposed NSPIRE Rules and Seeks Comments

On June 17, 2022, HUD published an update in the Federal Register 24 CFR Parts 5, 92, 93, 200, 574, 576, 578, 880, 882, 884, 886, 888, 902, 982, 983 and 985 ([Docket Nos. 6086–N–02] – Request for Comments: National Standards for the Physical Inspection of Real Estate and Associated Protocols’ Comments will be accepted […]

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06.13.2022
Scott Precourt | HUD and Tax Credit Compliance

IRS Increases Mileage Rate for Remainder of 2022

On June 9, 2022, the Internal Revenue Service (IRS), published Announcement 2022-13, which amends optional standard mileage rates for computing the deductible costs of operating an automobile for business, medical, or moving expense purposes and for determining the reimbursed amount of these expenses that is deemed substantiated. The announcement can be viewed by clicking here. […]

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05.18.2022
Scott Precourt | HUD and Tax Credit Compliance

HUD Announces $10.3 Billion in Grants for Housing and Community Development

On May 17, 2022, HUD announced more than 10 Billion in grants for housing and community development grants. This includes much needed investments in new affordable housing, tribal housing, as well as long overdue capital fund investment for public housing modernization. “This funding is an investment in our communities and provides important services to some […]

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04.14.2022
Amanda Gross | HUD and Tax Credit Compliance

Eliminating Unnecessary Housing Barriers

On April 12, 2022, HUD published a memo titled “Eliminating Barriers That May Unnecessarily Prevent Individuals with Criminal Histories from Participating in HUD Programs.” In this Memo, HUD Secretary, Marcia L. Fudge, announced a department-wide review of HUD’s programs to identify needed changes to ensure HUD’s programs (public housing, RAD, MFH, Vouchers, etc.) are as inclusive […]

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02.02.2022
Scott Precourt | HUD and Tax Credit Compliance

HUD Announces New Rule for Carbon Monoxide Alarms

On January 31, 2022, HUD issued a notice (PIH Notice 2022-01), announcing that HUD will enforce the installation of carbon monoxide alarms or detectors in HUD-assisted housing by December 27, 2022. Essentially, this is the action plan of applying a law passed several years ago that required all HUD housing to meet or exceed carbon […]

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02.02.2022
Scott Precourt | HUD and Tax Credit Compliance

HUD Announces Rule for Carbon Monoxide Detection

On January 31, 2022, HUD issued a notice (PIH Notice 2022-01), announcing that HUD will enforce the installation of carbon monoxide alarms or detectors in HUD-assisted housing by December 27, 2022. Essentially, this is the action plan of applying a law passed several years ago that required all HUD housing to meet or exceed carbon […]

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01.11.2022
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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