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The Reinstatement of MORs in 42 PBCA Contested States
The Reinstatement of MORs in 42 PBCA Contested States Via a letter issued to Performance-Based Contract Administrators (PBCAs) last month, HUD leadership indicated they are considering a proposal to ...
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HUD Publishes Section 8 Renewal Guide FAQs
HUD Publishes Section 8 Renewal Guide FAQs HUD has released a list of Frequently Asked Questions (FAQs) (RHIIP ListServ #338) they received in response to the new Section 8 Renewal Policy Guide. The ...
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New GAO Report Points to Weaknesses in LIHTC Program Oversight and Recommends HUD Involvement in Administration
New GAO Report Points to Weaknesses in LIHTC Program Oversight and Recommends HUD Involvement in Administration On July 23, 2015, the Government Accountability Office (GAO) released a report that foc ...
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HUD Issues Memo to PRAC Owners to Remit Excess Residual Receipts
HUD Issues Memo to PRAC Owners to Remit Excess Residual Receipts On June 19, 2015, HUD issued a memorandum that impacts owners of Section 202 and 811 PRAC properties maintaining residual receipt acc ...
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HUD Issues a Revised RAD Notice
HUD Issues Notice PIH-2012-32 (HA), REV-2-Rental Assistance Demonstration-Final Implementation, Revision 2 On June 15, 2015, HUD issued a revised Notice that provides program instructions for the Ren ...
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HUD Issues memo regarding occupancy protections for households in properties layered with HUD subsidy and Low-Income Housing Tax Credits
HUD Issues memo regarding occupancy protections for households in properties layered with HUD subsidy and Low-Income Housing Tax Credits On January 12, 2015, HUD issued a memo titled “Occupancy Pro ...
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Senior Preservation Rental Assistance Contract (SPRAC)
HUD has created a webpage for the Senior Preservation Rental Assistance Contract (SPRAC) program. The SPRAC program was detailed in the January 8, 2013 Federal Register Notice. For more information a ...
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Prepayment & Refinancing of Section 202 Direct Loans
The FAQ (Frequently Asked Questions) for HUD Notice 2012-08 released on September 24,2012, provides clarifications regarding the Updated Requirements for the Prepayment and Refinancing of Section 202 ...
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Annual Adjustment Factors (AAFs) 2012
On March 13, HUD released (in the Federal Register) its Annual Adjustment Factors for FY 2012 for Section 8 contracts on their contract anniversaries. These factors are based on a formula using reside ...
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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 ...