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...
On October 31, 2022, HUD published Notice H 2022-06 announcing the continued availability of supplemental operating funds for Section 8, Section 202, and Section 811 properties to prevent, prepare for, and respond to the coronavirus disease discovered in 2019...
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...
While it’s not news to most Americans that rents have been rising precipitously for the last five to ten years, it will likely come as a pleasant surprise for folks to learn that HUD has taken bold action to increase its Fair Market Rent computations in an attempt to...
Seven years after releasing the Proposed Rule and receiving comments, HUD has published the Final Rule on the new risk-based Management and Occupancy Review (MOR) schedule, effective September 26, 2022. Under the new rule, MORs will occur on a one, two, or three-year...
On April 21st, 2022, HUD’s Office of Fair Housing and Equal Opportunity (FHEO) released two documents designed to clarify the necessary steps to ensure that a HUD-subsidized multifamily property is in compliance with Title VI of the Civil Rights Act of 1964. Title VI...
