Audit readiness is a crucial concept for all organizations, particularly for Public Housing Authorities (PHAs). Essentially, it refers to the level of preparedness of an organization to engage in an audit process. This involves having all necessary documents and records organized, up-to-date, and easily accessible for auditors. Owing to their

Last updated on June 26th, 2024While much of society has moved beyond COVID, Public Housing Authorities (PHAs) continue feeling its impact. A delay in the Emergency Rental Assistance Program (ERAP) disbursements in New York exasperated the issue, but now it seems that funds are moving and helping with accounts receivables.

In April, HUD issued the 2024 income limits for HUD programs and Low-Income Housing Tax Credit Property, as well as an individual Fair Market Rent annual increase and income limit cap of 10%. As you become acquainted with the new limits, it’s also a good idea to review recertification requirements

Last updated on May 3rd, 2024We are always on the lookout for funding and advocacy opportunities to benefit our HUD clients and prospects. Following is information about a funding opportunity for community revitalization efforts and a proposed rule to reduce barriers to HUD-Assisted Housing. Here are the highlights… FY24 Choice

One way Public Housing Authorities (PHAs) address living conditions in properties is via a Rental Assistance Demonstration (RAD) conversion. This changes how a rent subsidy is delivered to a property, while allowing owners to access additional capital. Residents have the same benefits, rights, and protections. However, the process of transitioning

Last updated on March 4th, 2024Financial audits are a crucial part of any organization’s financial health, and public housing authorities are no exception. Financial audits are conducted under Government Auditing Standards, issued by Comptroller General of the United States. A financial audit provides an independent assessment of an organization’s financial

Last updated on February 7th, 2024In a matter of weeks, HUD introduced free water and energy benchmarking services for multifamily property owners and updates to the Green and Resilient Retrofit Program (GRRP). Here are the highlights… Free Benchmarking How much water and energy is a multifamily property using? How does

Last updated on January 11th, 2024While the winter months in New York can be particularly tough for low-income households, there’s a special program to help lower energy costs, reduce energy use, and boost a healthy and safe environment. It’s called the Weatherization Assistance Program (WAP). WAP provides assistance to low-income