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HUD Publishes 2024 OCAFs; National Rate of 5.3 Percent
The U.S. Department of Housing and Urban Development published the operating cost adjustment factors (OCAFs) for eligible multifamily housing properties with an anniversary date on or after Feb. 11, 2024.
House Financial Services Subcommittee Hearing on Housing Affordability – Today at 10 a.m.
The Housing and Insurance Subcommittee of the House Financial Services Committee will hold a hearing on “Housing Affordability: Governmental Barriers and Market-Based Solutions” at 10 a.m. ET on December 6.
HUD Publishes Draft Notice of Processing Budget-Based Rent Increases
HUD’s Office of Multifamily Housing Programs published a draft housing notice clarifying the circumstances under which HUD will approve a budget-based rent increase for projects subject to Low Income Housing Preservation and Resident Homeownership Act (LIHPRHA) Use Agreements.
HUD Announces Proposed “30-Day Notice” Rule for Nonpayment of Rent
A new HUD Proposed Rule would require public housing agencies (PHA) with tenants in public housing and owners of properties participating in HUD Multifamily project-based rental assistance programs to provide their tenants with written notification at least 30 days prior to filing for eviction due to nonpayment of rent in court.