HUD Regulatory Compliance
Keeping up with all the operational regulations that HUD issues can be daunting. But we are here to help. LeadingAge staff tracks and analyzes HUD websites, notices and guidance to help you understand compliance requirements. Following are the most recent notices or policies statements straight from HUD.
We've featured some articles below, but be sure to check out all of our senior housing content.
On December 31st, HUD published its final Affirmatively Furthering Fair Housing (AFFH) Assessment Tool for local governments preparing Assessments of Fair Housing (AFH) individually and in collaboration with other local governments and public housing agencies.
The President signed into law December 4 provisions included in the five-year transportation bill the authority to perform triennial income reviews for tenants on fixed incomes. Unfortunately, other administrative streamlining provisions, including increases to the standard deduction for elderly and disabled families from $400 to $525 along with a raised threshold (from 3% to 10% of income) above which medical expenses would be deducted, were not included in a last-minute upset during committee mark-up.
The recently issued Section 8 renewal guide FAQ includes a significant new preservation opportunity - namely the ability of a non-profit owner to qualify for an Option 1, “Mark-up-to-Market” (“MU2M”) HAP contract under Option 1b.
On Dec 11, 2015, HUD published the final Fair Market Rents for 2016, effective immediately. FMRs are used to establish the payment standard a public housing authority can subsidize through the housing choice voucher program and which serve as a cap on the rents an owner may collect for HOME units. With vouchers playing a greater role in preservation efforts, multifamily owners should take note.
As the White House seeks to encourage reentry of formerly incarcerated people into society, HUD issues new guidance telling subsidized housing providers that arrest records may not be the basis for denying admission, terminating assistance or evicting tenants.