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Ensuring up-to-date policies

Posted by Kaylene Holvenstot on Jul 11, 2019 7:15:00 AM

The importance of updating PHA policies

HUD issues new regulations, notices, and guidance on an ongoing basis, and PHAs are expected to stay abreast of these changes to remain in compliance and avoid audit findings. However, making sure your agency’s policy documents are in line with HUD can be a daunting, time-consuming task—not only do you need to know what’s changed and why, but you must also revise your policies accordingly.

PHAs who are out of compliance—depending on the reason—may be subject to monitoring and sanctions, or worse, lose out on program funding. Fair housing complaints can result from a lack of clear and current policies, and in the Housing Choice Voucher program, some incorrect policies can affect SEMAP as well.

Fortunately, there’s a solution. Our model policies and revision services take the guesswork out of keeping your policies up-to-date and in compliance, providing you with expert guidance in a timesaving, user-friendly format.

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Topics: Books and Revision Services, EIV, Over-Income Families, SAFMR

FAQ Friday: Withdrawal of cash from assets

Posted by Annie Stevenson on Jun 7, 2019 7:00:00 AM
withdrawal_of_cash_BLOG

Question

One of our clients recently reported that he cashed in a 401(k) account. The full value of the account was $25,000. $7,000 was deducted for taxes and the client received the remaining $18,000. What should we count as income, the full gross amount or the net amount received after taxes?

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Topics: Books and Revision Services, Q&A, Rent Calculation, Knowledge Base

What to know about HOTMA's new income limits

Posted by Samantha Sowards on Aug 7, 2018 1:00:00 PM

On July 26, 2018, HUD published Housing Opportunity Through Modernization Act of 2016: Final Implementation of Public Housing Income Limits in the Federal Register, which placed an income limitation on public housing tenancy. The rule requires that after a family’s income has exceeded 120 percent of area median income (AMI), or a different limitation established by the Secretary based on local housing costs, for two consecutive years, the PHA must either:

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Topics: Books and Revision Services, HOTMA, Income Limits, Over-Income Families, PIH notices

HUD Issues Guidance on New PH Income Limit

Posted by Annie Stevenson on Jul 26, 2018 12:14:24 PM

Today in the Federal Register, HUD’s Office of Public and Indian Housing (PIH) published a notice titled “Housing Opportunity Through Modernization Act of 2016: Final Implementation of Public Housing Income Limit.” The 5-page notice’s “applicable date” is September 24, 2018.

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Topics: Books and Revision Services, HOTMA, Income Limits, Over-Income Families, PIH notices

Model policy revisions now available online

Posted by NMA on Jul 23, 2018 9:22:10 AM

Our writing team has been working hard to make our policy updates available immediately, so our revision services customers don't have to wait to receive a CD with updates in the mail. (And a lot of our customers don't even have CD drives anymore to access the files with!)

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Topics: Books and Revision Services, EIV, FMR, HOTMA, Rent Reasonableness, Streamlining, Lead-Based Paint, Product Updates

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