Articles by Eric Yoo

Some owners may have mistakenly included all flex card benefits as income, possibly leading to income certifications that may have exceeded the maximum income limit.

The low-income housing goal remains at 61% of financed units but raises the very low-income housing goal from 12% to 14%. 

Though the freeze memo was withdrawn, the broader executive orders behind the funding freeze remain in place. As a result, funding for certain areas remains paused and affordable housing programs could still be affected.

HUD is becoming increasingly aware of the burden that increasing insurance costs are placing on providers of affordable housing. Unlike their market-rate counterparts, these providers cannot pass increased costs on to tenants, leading some to reduce insurance coverage and delay repairs. These challenges exacerbate the housing supply shortage and threaten overall affordability.