On April 29, 2024, HUD released important guidance on the use of Artificial Intelligence (AI) in tenant selection decisions. The document highlights how even relying on seemingly objective tools may not provide enough context to arrive at appropriate tenant admission...
Nearly ten years after its last update, the new list of Federally Mandated Exclusions from income was published in the Federal Register on January 31, 2024. The listing adds four new income exclusions and clarifies/expands four income sources that had been described...
On January 31, 2023, HUD published the Housing Opportunities Through Modernization Act (HOTMA) Final Rule, in a preview version, as its first step in implementing many sweeping changes to HUD programs. HOTMA was passed on July 29, 2016, and is aimed at modernizing...
The highly anticipated Operating Cost Adjustment Factors (OCAFs) for 2023 were released on November 15th. As expected, the OCAFs are much higher than usual and are reflective of changes in HUD’s methodologies, recent economic circumstances, inflation, and...
The long-awaited Cost of Living Adjustment (COLA) for Social Security benefits was announced on Thursday, October 13th. Social Security and SSI recipients will see their entitlements increase by a staggering 8.7% beginning in January 2023. This, combined with the fact...
