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On Aug. 12, HUD issued a new Real Estate Assessment Center Compilation Bulletin that supersedes all previous editions and any preceding separate guidance. The bulletin provides updated guidance to Real Estate Assessment Center (REAC) inspectors, answers some of the most common questions received from inspectors in the field, and clarifies certain areas of the inspection protocol to further ensure that physical inspections are objective and conducted in accordance with t...
The departure of a household member can bring about changes that affect a household’s subsidy as well as other aspects of its placement at your site. HUD expects you to stay on top of such changes so that your households are paying the correct amount of rent and your assisted units are fully and appropriately occupied.
Dealing with the death of a resident is an understandably difficult task for any site manager. The manager must be sensitive to the fact that the family is grieving the loss of a loved one, busy with funeral arrangements, and handling the financial affairs of the deceased.
On May 20, the Federal Register published an updated list of income exclusions specifically mandated by federal laws. There are three new exclusions and changes to two of the existing exclusions, and due to the addition of Exclusion (16), the exclusions following it have been renumbered.
HUD requires most assisted housing sites to maintain a reserve for replacements account so funds are readily available to pay for repair and replacements of major systems and capital items. These are items that usually last more than one year, such as elevator systems or major appliances in units.
Over 20,000 multifamily housing program participants are required to submit annual electronic financial statement data to HUD for assessing the financial condition of multifamily housing sites. On Feb. 14, 2014, the Real Estate Assessment Center updated its Financial Assessment Sub-System to allow profit-motivated and limited distribution owners receiving less than $500,000 in federal financial assistance to submit owner-certified financial statements instead of audited...
On Dec. 10, a revised transmittal for the 4350.3 REV-1, CHG-4 Handbook appeared online. It was signed by Carol Galante, Assistant Secretary for Housing, and its issue date was Nov. 27, 2013. Here are the changes based on the transmittal:
Clarification of Verification Techniques
The transmittal made the following clarifications to verification techniques. In paragraph 9-10(A), the transmittal adds that owners and agents must not use tenant-...
Chances are, your site contains “mixed” households—that is, households that, in addition to U.S. citizens and/or eligible noncitizens, include ineligible noncitizens. Special rules apply to the assistance these mixed households can get. For example, you’ll need to prorate the assistance payments Section 8 households get by multiplying the assistance amount by a fraction based on the number of eligible members.
Despite some delays in implementation, a major piece of the Patient Protection and Affordable Care Act still requires all applicable employers, regardless of whether they offer health care coverage, to provide their current employees with a health insurance exchange notice no later than Oct. 1, 2013, when a health insurance exchange is to be operational in each state.
On Aug. 6, HUD issued a notice intended to provide an overview of the recently enacted Violence Against Women Reauthorization Act of 2013 (VAWA 2013). The 2013 law expands the number of HUD programs subject to the law’s protections beyond HUD’s public housing and Section 8 tenant-based and project-based programs. The notice also highlights the key changes made by the law, lists the HUD programs now covered by it, provides an overview of key provisions applic...
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