FAQs Published on Utility Allowance Analysis Methodology

In June 2015, PMCS informed our readers about the release of Housing Notice 2015-04 – Methodology for Completing a Multifamily Housing Utility Analysis. This was HUD’s nationwide attempt to standardize the analysis methodology used by multifamily owners for utility allowances. It provided specific sampling instructions to follow when completing a utility analysis and clarified the frequency that such analyses are required.

As the mandatory implementation date for this Notice (December 19, 2015) draws near, the industry continues to digest the regulation in order to plan for upcoming renewal or rent adjustment submissions that must incorporate a compliant analysis. To address some of the specific questions posed by the industry, HUD has published a Frequently Asked Questions related to the newly prescribed methodology. To read the full FAQ document, click here.