2020 HOME Income & Rent Limits are Out! Effective 7-01-2020

HUD-CPD has released the 2020 income limits for several programs, including HOME, CDBG, HOPWA, HTF, and NSP. They will be effective 07/01/2020. The HOME INCOME Limits are HERE The HOME RENT Limits are HERE Once they are updated, other program limits, and the HUD CPD Income Calculator, can be found HERE To receive HUD Exchange Mailing List messages for any updates on income limits and the HOME Program. Note: HUD Multi-family and MTSP (Tax Credit and Tax-Exempt Bond) limits are not covered by these limits. These limits were released earlier, as announced HERE.

Video Blog 6/03/2020 - Can We Require Tenants to Use an Electronic Paperwork System?

Welcome to our Video Blog, Housing Matters! Today's topics: Question of the week, "Now that HUD has published their Notice on electronic signatures and document retention, can we require that our applicants and residents use our new paperless software system?" The HUD Notice on Electronic documents is HERE. Check out Costello University HERE

Video Blog 6/01/2020 - Can Late Fees Accrue During the Moriatorium? Also Acq/Rehab Vitals pt 3!

Welcome to our Video Blog, Housing Matters! Today's topics: Today's topic HUD tells us whether late fees that we cannot charge during the moratorium can accrue for after. Also, Part three of a four part series on tax credit Acq/Rehab projects. Link to the HUD Multifamily COVID-19 FAQ is HERE. Is your property covered under CARES provisions? HUD Multifamily - Assisted Properties can be found HERE. FHA-insured Multifamily Properties can be found HERE. Supplement to the Acq/Rehab Discussion Part 3: Start of Credits Check out Costello University HERE

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