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Stay informed with the latest news and updates regarding the affordable housing industry.

Sign Posting Requirements

Every few years I like to remind clients of the various requirements relating to the sign posting requirements for companies in the property management business. Failure to post the signs can cost as ...

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HUD Publishes Revised REAC Scoring Protocol

HUD has made a number of changes in the way REAC inspections will be scored, beginning with inspections on or after January 1, 2013. The changes are noted in Compilation Bulleting Revision 2.3.  ...

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HUD Implements New Rental Assistance Demonstration Program

On July 26, 2012, HUD published a Final Notice in the Federal Register implementing the Rental Assistance Demonstration (RAD) Program. The program offers new opportunities to public housing agencies a...

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GAO Report on RHS Subsidy Errors

The U.S. Government Accountability Office (GAO) completed a study in 2012 that examined improper RA payments by the Rural Housing Service (RHS). The study found that between 2007 and 2010, RHS made fr...

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Possession of Drug Related Paraphernalia May Not be Reason for Application Denial

Management companies wishing to make possession of drug related paraphernalia a violation of criminal screening policies should carefully examine the definition of drug-related criminal activity ...

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Dealing with Reverse Mortgages on Affordable Housing Properties

Dealing with Reverse Mortgages on Affordable Housing Properties   While not common on affordable housing properties such as LIHTC, Section 8 or Section 515, occasionally, an applicant with a re...

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Use of Residual Receipts to Offset HAP Payments (Notice H-2012-14)

HUD Notice H-2012-14 was published on August 2, 2012 requiring the use of New Regulation Section 8 Housing Assistance Payments (HAP) Contracts residual receipts to offset project-based Section 8...

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HUD Eliminates Two Income Exclusions and Adds Others

HUD Amends List of Income Exclusions On July 24, 2012, HUD published in the Federal Register additional types of income that are excluded from income for purposes of determining eligibility for H...

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