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HUD recently announced nearly $90 million available to reduce residential health hazards for low-income families, including lead-based paint hazards, carbon monoxide, mold, radon, fire safety, and asbestos. This initiative is part of President Biden’s Lead Pipe and Paint Action Plan to remove lead paint and other home health hazards in low-income communities.
More than 700 properties have already signed up for the free service.
Recently, HUD’s Office of Multifamily Housing Programs sent out information on HUD’s Energy and Water Benchmarking Service available for sites participating in HUD’s Multifamily project-based rental assistance programs. This free service provides participating owners with data on energy and water consumption at their sites.
HUD recently announced that it has entered into a Voluntary Compliance Agreement (VCA) with HUD-funded Tennessee housing providers that will pay $50,000 in compensation to the aggrieved parties. The VCA resolves findings of noncompliance related to Section 504 of the Rehabilitation Act of 1973 and Title II of the Americans with Disabilities Act, as well as findings of noncompliance related to the Violence Against Women Act (VAWA).
The share of low-rent units dropped from 22% of the stock to just 16% in the past decade.
Harvard University’s Joint Center for Housing Studies (JCHS) recently released its biennial report on the state of rental housing in the United States (available here). The report analyzes trends and issues related to the changing nature of demand; the cost, character, and location of ...
Owners will find more administrative flexibility within the GRRP rules.
As part of President Biden’s Investing in America agenda, HUD recently announced it’s awarding $173.9 million in new loans and grants under the Green and Resilient Retrofit Program’s (GRRP) Comprehensive and Elements categories. The GRRP came about from a provision of the Inflation Reduction Act (IRA) of 2022, which provides $837.5 million in fundi...
The national average increase of the new OCAFs is 5.3 percent.
HUD recently announced the 2024 Operating Cost Adjustment Factors (OCAFs). These figures are used to adjust Section 8 rents under the Multifamily Assisted Housing Reform and Affordability Act of 1997 (MAHRA). These annual factors reflect the fluctuating costs of running a Multifamily Housing site, applied to rents on their anniversary dates. The recently published OCAFs prov...
HUD’s Office of Inspector General (OIG) recently issued its annual report summarizing what it considers the most serious management challenges facing the department. The report represents OIG’s independent perspective on the top management challenges facing HUD in fiscal year (FY) 2024 and beyond.
HUD recently announced that it will cover expanded housing and neighborhood choices for more than 800,000 total households using Housing Choice Vouchers to find and secure affordable housing. PHAs in an additional 41 metropolitan areas that cover more than 440,000 housing vouchers will now be required to use Small Area Fair Market Rents (SAFMR) under HUD’s 2016 Small Area Fair Market Rent Final Rule when setting the maximum rent that Housing Choice Vouchers will c...
The White House recently made a formal request to Congress for $6 billion to extend the Federal Communications Commission’s (FCC) Affordable Connectivity Program (ACP). The ACP offers free or discounted high-speed internet to qualifying households. It provides a monthly internet discount of $30 for low-income households and $75 for residents of Tribal lands, more than 20 million households in total. Participants can also get a one-time $100 device subsidy. The pro...
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