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

Did you manage a rental property in 2023? Did you pay people who were not your employees to perform services related to the property? If you answered “yes,” it may be time to get ready for 1099 Forms. Here’s the scoop… 1099 Forms serve as records of income equal to

On September 29, the U.S. Department of Housing and Urban Development (HUD) issued Notice PIH 2023-17 guidance for Housing Opportunity Through Modernization Act of 2016 (HOTMA) Sections 102 and 104. Among other things, implementation deadlines have been updated. As stated in the notice, “Sections 102 and 104 of HOTMA make

On September 6, the U.S. Department of Housing and Urban Development (HUD) posted a Notice of Funding Opportunity (NOFO) for a Choice Neighborhoods Implementation Grant. About $256 million will be available for transformative awards of up to $50 million each. The deadline to apply is December 11, 2023. Who Can

To address escalating rents, additional aid will be available for 2024 housing voucher programs, the U.S. Department of Housing and Urban Development (HUD) announced last week. Last Thursday, August 31, HUD published fair market rents (FMRs) for fiscal year 2024, which begins October 1. On average, FMRs will increase about