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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...
The case shows how mishandling situations involving assistance animals could cost you.
HUD recently charged an owner with violating the Fair Housing Act by refusing a resident’s request for a disability-related reasonable accommodation to keep an assistance animal and by subjecting the resident to retaliation for requesting a reasonable accommodation.
HUD recently announced settlements with housing providers in Nevada and California, resolving allegations that they denied housing opportunities to two women because they experienced dating violence and stalking.
HUD is required by law to set Fair Market Rents (FMRs) every year. They represent HUD’s best effort to estimate the 40th percentile gross rent paid by recent movers into standard quality units in each FMR area. With the latest release, FMRs will increase by an average of approximately 12 percent nationally for FY24, and many metro areas with recent significant rent increases will have large increases to FMRs.
The Affordable Connectivity Program (ACP) was created by Congress in late 2021 and implemented by the Federal Communications Commission (FCC) to replace a previous pandemic-related subsidy program. The FCC recently announced that it will provide a monthly discount of up to $75 toward internet service for eligible households in certain high-cost areas. The monthly discount had been capped at $30 a month.
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