News & Updates

From NCSHA: Yesterday, the Biden Administration unveiled its Fiscal Year (FY) 2025 Budget. This entails allocating $72.6 billion in discretionary budget authority for the U.S. Department of Housing and Urban Development (HUD), reflecting a $1.9 billion increase or a 2.7 percent uptick from the 2024 enacted level. The Administration proposes further initiatives concerning affordable housing. …

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In the upcoming weeks, HUD plans to introduce a proposed rule aimed at enhancing the accessibility and usability of the HOME Investment Partnerships Program (HOME program), which is the largest annual block grant in the nation supporting housing supply. HUD’s proposed enhancements are designed to simplify the process for individuals and families seeking rental or …

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Social Security benefits and Supplemental Security Income payments will increase by 3.2% in 2024. Read more about the Social Security Cost-of-Living adjustment for 2024.

On February 14, 2023, a final rule was published that revises HUD regulations to implement parts of the Housing Opportunity Through Modernization Act of 2016 (HOTMA). The effective date of the HOTMA provisions is January 1, 2024. Owners may not implement these provisions prior to their effective dates. The Office of Multifamily Housing will be …

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On May 15, 2023, HUD released the 2023 Income Limits for HUD programs. To access the new income limits, visit the HUDUser website at: https://www.huduser.gov/portal/datasets/il.html For HUD’s Multifamily Housing program,the new 2023 Income limits are effective immediately. All new certifications created and finalized on 5/15/2023 or later will include the new income limits.

Pursuant to HUD Notice H 2022-06, dated October 31, 2022, NHC has been assigned by HUD to process COVID-19 Supplemental Payment Requests (CSP Requests) – Round V. Below are instructions on how to submit your CSP Request to NHC to ensure timely processing. **DEADLINE: CSP Requests are due by February 21, 2023. ** Highlights of …

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NOTICE H 2023-01 – Unique Entity Identifier (UEI) Replaces Dun & Bradstreet Data Universal Numbering System for Identification of Federal Awards Effective immediately for Contract Renewals, all entities will require a UEI number for renewal of their expiring HAP Contract. This number must be submitted to NHC with the Contract Renewal package for processing.

Greetings Georgia Owners and Agents: This year, National Housing Compliance has partnered with SAHMA and will be participating in SAHMA’s full day Add-On Course on Tuesday, February 14, 2023. Please join our staff, along with Gwen Volk of INFOCUS, Inc. for an informative session on the Basics of HUD Occupancy during the morning session – …

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HUD provides the following guidance in, Paragraph 9-6 of the Handbook 4350.3: When processing certifications with an effective date of January 1, February 1, March 1, and April 1, in order to complete the Recertification Steps outlined in Chapter 7, Figure 7-3, and provide the tenant with the required 30-day notice of any increase in …

Continue reading “2023 COLA – What does it mean for certifications?”

Social Security and Supplemental Security Income (SSI) benefits for approximately 70 million Americans will increase 8.7 percent in 2023. The 8.7 percent cost-of-living adjustment (COLA) will begin with benefits payable to more than 65 million Social Security beneficiaries in January 2023. Increased payments to more than 7 million SSI beneficiaries will begin on December 30, …

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