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

Rural Housing Service Issues Final Regs on Continuous Section 538 Guarantee

On January 3, 2011, the Rural Housing Service issued final regulations for the Section 538 guaranteed multifamily housing loan program that provide for a single, continuous guarantee for construction ...

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Reminder Regarding DUNS Number

Last month, I reviewed the HUD requirement that all owners of HUD assisted properties obtain a Dun and Bradstreet Number no later than March 5, 2011. Failure to do so could result in a loss of subsidy...

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HUD Establishes Rules for Conversion of Efficiencies to One-Bedroom Units

HUD Notice H-2011-03, issued on February 1, 2011, outlines procedures for converting efficiency units to one-bedroom units in assisted projects when the demand for efficiencies is weak and the convers...

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HUD Issues Notice on Handling the Death of a Sole Household Member

Notice PIH 2010-50 (HA), issued January 1, 2011, clarifies the procedures PHAs must follow to avoid housing subsidy overpayments when the sole household member dies, including the treatment of units w...

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Use Project Binder to Organize for HUD MOR

When HUD or Contract Administrators conduct Management & Occupancy Reviews ( MOR ), they will ask for a slew of documents. Failure to have the documents will result in MOR findings that will lower...

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Major Cuts – Some Increases in Administration’s 2012 Budget Proposal for HUD

The fiscal year 2012 HUD budget proposal released by the Obama Administration increases funding for Section 8 and homeless assistance, but cuts funding for CDBG, HOME, Section 202, and Section 811 hou...

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Avoid Lease Addendums Regarding Second Hand Smoke

In Upper East Lease Assoc, LLC v. Cannon, January 2011, an owner sued a resident for unpaid rent. The resident claimed that the owner had violated the warranty of habitability by allowing secondhand s...

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Fair Housing v. Security; Be Careful When Deciding Whether to Show an Apartment

It is a good management practice to avoid showing apartments when a manager feels threatened in any way. I always advise managers not to show units when they fear being alone with a prospect. However,...

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