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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.

 

Featured Content

Utility Analysis Methodology -- New HUD Guidance

The U.S. Department of Housing and Urban Development (HUD) has published a housing notice regarding a new methodology for completing a multifamily housing utility analysis and related memorandum to encourage owner/agents to engage more fully in energy efficiency efforts including data collection and benchmarking.

HUD Announces Sweeping Changes to PRAC Residual Receipts Accounts

On June 19, the U.S. Department of Housing and Urban Development (HUD) issued a memorandum essentially requiring residual receipts in excess of $250 per unit in all PRACs to be returned to HUD to offset future program appropriations.

Multifamily for Tomorrow: HUD’s Report to Congress

The U.S. Department of Housing and Urban Development (HUD) submitted a report to Congress on the progress the agency is making in implementing Multifamily for Tomorrow (MFT), as it is now calling the multifamily transformation.

IRS, HUD Guidance on Tenant Income Increases, Conflicts with Other Housing Programs

The Internal Revenue Service (IRS) recently released a memo indicating, for the first time, that an owner may avoid loss of credit due to circumstances where a current resident's income increases beyond certain allowable limits by extending the low-income housing commitment.  Close attention to timing for executing this extension is essential.

Service Coordinator Semi-Annual Performance Report Form Updated

All service coordinators working in U.S. Department of Housing and Urban Development (HUD) multifamily assisted housing serving the elderly and/or people with disabilities must complete and submit the Semi-Annual Performance Report, form HUD-92456, which was recently updated to a fillable PDF format. While the technical due date for the completed report was April 30, 2015, HUD informs us that late reports will be fine and are still required. Service Coordinators having difficulties utilizing the newly posted fillable report form are encouraged to do their best and skip any section that poses a problem. Those who have already filed using a non-fillable form do not have to resubmit.