April is “Fair Housing Month”
April 2012 marks the 44th anniversary of the 1968 landmark Fair Housing Act. April is designated to remind us all that federal and local laws prohibit discrimination in the sale, rental and financing ...
HUD’s Projected Budget for 2013
On Monday, February 13, 2012, President Obama presented the FY (Fiscal Year) 2013 budget to Congress and to the public. It is important that you know that the budget did not request full funding for a ...
Q & A Certs
Question: One of my tenants had a 12/1/11 AR, and I used 6 paystubs to calculate his income. Now (in February of 2012), he’s come in asking for an AR Correction because his 2011 W2 shows less income t ...
HAP Contract Renewal for 20 Year Terms
HUD is encouraging Owner/Agents to renew Project-Based Section 8 contracts for 20 year terms. Why? With a 20-year contract term, HUD knows how many units will be in the inventory for a long time to co ...
New OHACAO Acting Director
It was announced on January 29, 2012 that Kerry Hickman is now serving as the Acting Director of Housing Assistance and Contract Administration Oversight (OHACAO). Prior to this, he served as a Financ ...
EIR (Excess Income Receivables) Collections
For those unfamiliar with Section 236 requirements, landlords are only allowed to keep the HUD-approved Basic Rent. Any amounts over Basic collected from tenants (i.e. those who pay between Basic and ...
Effective March 3, 2012: New HUD Protected Class
On January 30, 2012 HUD Secretary Shaun Donovan announced new regulations to ensure equal access to housing for all Americans regardless of sexual orientation, gender identity or marital status.