Compliance
October 1, 2019
In 2016, President Obama signed into law the Housing Opportunity Through Modernization Act (HOTMA). HOTMA touched upon a broad range of topics. The housing law was enacted to expand housing providers’ ability to develop housing for extremely low-income households and streamline operational...
HUD Audits
October 1, 2019
HUD’s Office of Inspector General (OIG) audited PK Management, LLC, based on: (1) media coverage of poor physical conditions associated with an apartment complex in Virginia that it managed; and (2) issues identified in a prior audit of the company in Birmingham, Ala. The audit objective was...
HUD Audits
October 1, 2019
HUD’s Office of Inspector General (OIG) audited the Lake View Towers Apartments’ Section 8 housing assistance payments program. HUD made housing assistance payments for the project under the Section 8 contract, which covered 395 of the 500 units. During the audit period, HUD provided...
In the News
October 1, 2019
HUD has published the fiscal year 2020 (FY20) Fair Market Rents (FMRs), which are now released only on huduser.gov. The FMRs are effective Oct. 1. In general, the FMR for an area is the amount that would be needed to pay the gross rent (shelter rent plus utilities) of privately owned, decent, and...
In the News
October 1, 2019
The budget agreement signed into law on Aug. 2 by President Trump raised defense and nondefense discretionary spending caps for fiscal years 2020 and 2021. The deal allows for, but doesn’t accomplish on its own, enactment of this year's FY20 appropriations bills. Before the new spending...
In the News
October 1, 2019
In an effort to preserve and improve critically needed affordable housing for low-income seniors, HUD recently announced a significant expansion of its Rental Assistance Demonstration (RAD) to facilitate capital investment in senior housing developments assisted through HUD's Section 202...
In the News
October 1, 2019
HUD is seeking assisted housing owners and management agents interested in receiving technical assistance (TA) to support their establishment of a Family Self-Sufficiency (FSS) program in one or more of the properties they own or manage. The TA will help owners/agents get ready to successfully...
Feature
September 10, 2019
A consistent stream of hacks and large-scale corporate data breaches in the news have heightened the public’s awareness and sensitivity towards privacy issues. Most recently, a major bank broke news of a data breach that affected approximately 100 million customers in the U.S. and another 6...
In the News
September 10, 2019
HUD’s Real Estate Assessment Center (REAC) has expanded the number of inspection items open for feedback from five items to 65 items before REAC fully implements HUD’s National Standards for the Physical Inspection of Real Estate (NSPIRE) model demonstration. This is part of HUD’s...
Feature
August 15, 2019
HUD’s Office of Asset Management and Portfolio Oversight (OAMPO) recently issued a memo for multifamily regional directors, satellite office directors, performance-based contract administrators, and multifamily owners and management agents. The memo clarifies owners’ responsibilities to...
