HUD makes 2023 updates; a new paper reviews HCV program impact; and HUD closes a RAD conversion transaction in Illinois.

Recent News

HUD Updates Flat Rent Exception Request Submission Requirements

Notice PIH 2022-33 applies to the Public Housing program. This notice supersedes the guidance provided in Notice PIH 2021-27 related to flat rents and supplements the streamlining final rule published in 2016. Read notice

 

HUD Publishes 2023 OCAFs

Operating cost adjustment factors (OCAFs) for project-based assistance contracts for eligible multifamily housing projects with anniversary dates on or after February 11, 2023 have been established in a recent Federal Register notice. Read article

 

HUD Releases 2023 Public Housing Management Fee Table

HUD’s Financial Management Division has released the Calendar Year 2023 80th percentile management fees for public housing. The schedule includes a table for PHAs with a central office cost center and a table for those without. Read article

HUD updates flat rent submission requirements, establishes new HOME-ARP requirements, and more.

Recent News

HUD Publishes Notice on Flat Rent Submission Requirements

Notice PIH 2021-27, “Updates to Flat Rent Submission Requirements,” supersedes and replaces the guidance provided in Notice PIH 2017-23, clarifies HUD’s interpretation of the statutory amendment related to flat rents, and updates flat rent exception and extension request requirements, including review criteria for Form HUD-5880. The notice also serves as supplemental guidance to the streamlining final rule published in March 2016. Read article

 

HOME-ARP Implementation Notice and Fact Sheets Now Available

In Notice CPD-21-10: Requirements for the Use of Funds in the HOME-American Rescue Plan Program, HUD establishes requirements for funds appropriated to provide homelessness assistance and supportive services under the American Rescue Plan Act of 2021. HUD has also issued a series of HOME-ARP Implementation Notice Fact Sheets to help communities across the country create affordable housing and services for people experiencing or at risk of homelessness. Read article

 

HUD Announces Availability of More than $180 Million in COVID-19 Supplemental Funding for Multifamily Property Owners Participating in Assisted Housing Programs

HUD has opened a new application period for owners of multifamily housing for low-income elderly, persons with disabilities, and Section 8 contracts to apply for funds to cover costs to prevent and respond to COVID-19. More than $180 million is available to support expenses for protecting residents and staff from the coronavirus. HUD has also provided certain flexibilities to facilitate more robust use of funds. Read article

 

Question

I’m confused about all of the flat rent changes over the past few years. Fair market rents for 2019 were just posted and I’m not sure what I’m supposed to do with them. Help, please!

In a notice published Friday in the Federal Register, HUD announced that it has published fair market rents (FMRs) for federal fiscal year (FFY) 2019 (October 1, 2018 through September 30, 2019). As explained in the notice:

In a letter to PHAs dated August 11, HUD announced that it has suspended the mandatory use of small area fair market rents (SAFMRs) for a period of two years. The suspension applies to 23 of the 24 metropolitan areas which had been selected to use SAFMRs beginning on October 1, 2017. The requirement has been suspended for two years, until October 1, 2019.