News
LIHTC Update: Rates for December 2022
The Internal Revenue Service (IRS) issued Revenue Ruling 2022-22, which provides various prescribed rates for federal income tax purposes, including applicable federal interest rates, adjusted applicable federal interest rates, and adjusted...
RAD Section 811 and 202 Feedback Request; RAD Resident Fact Sheets Now Available in Spanish
HUD Seeks Feedback on Section 811 and Section 202 RAD Conversions The Consolidated Appropriations Act, 2022 authorized the conversion of properties assisted under Section 811 through RAD. To implement this new conversion option, HUD is...
Update to the Housing Supply Action Plan
The latest NAHMAnalysis providing an Update to the Housing Supply Action Plan, is now available. This NAHMAnalysis examines the progress made towards implementing the Housing Supply Action Plan, a set of President Biden’s administrative and...
Review and Feedback: Readout of White House Meeting on Tenant Protections and Rental Affordability; Deadline November 22
Please find the Readout of White House Meeting on Tenant Protections and Rental Affordability. White House staff also shared two reports released by the Consumer Financial Protection Bureau (CFPB). Per staff, “These reports represent the kind of...
2023 Operating Cost Adjustment Factors (OCAFs) Published
As stated in the Notice, HUD seeks public input on two (2) proposed technical changes to its OCAF calculation method: Vintage of data. To calculate the inflation factor for each of the nine cost components that comprise the OCAF, HUD uses...
Register for NSPIRE Get Ready Series Near You
REAC has commenced the NSPIRE Get Ready Series, in-person info sessions held across the country (see map below) to discuss upcoming NSPIRE policy, standards, scoring, operations, and inspections set to be released soon. These events are a great...
2023 Interim Recertification Requirements for Rural Development Tenants
On October 13, 2022, the Social Security Administration announced there will be an 8.7% increase in Social Security and Supplemental Security Income (SSI) benefits in 2023. The 8.7% cost-of-living adjustment (COLA) will begin with benefits...
HUD Seeks Feedback on Section 811 and Section 202 RAD Conversions
HUD is seeking public feedback on changes to be made to Section IV (also attached) of RAD Notice PIH 2019-23, Housing 2019-09 Rev 4, which currently describes the conversion requirements for properties assisted under Section 202 PRACs and that...
Notice on Designation of Difficult Development Areas and Qualified Census Tracts for 2023
HUD published its 2023 Difficult Development Areas (DDAs) and Qualified Census Tracts (QCTs), effective for allocations of credit or bonds issued after December 31, 2022. HUD is required to annually designate DDAs, which are areas with high...
New Resources for DCTA Recipients; HOME Quarterly Reports; Register for Lead Safe Trainings
Home Programs Resources Training New Resources for DCTA Recipients and Smaller Distressed CommunitiesHUD's Distressed Cities and Persistent Poverty Technical Assistance (DCTA) Program maintains a library of resources relevant to DCTA recipients...