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HUD Passbook Rate Change-follow up

Hopefully everyone is aware of the HUD passbook rate change. Effective February 1, 2015, the passbook savings rate to be used for all move-in, initial, annual, and interim recertifications when a family has net assets over $5,000 is .06% (that’s .0006 and no rounding).

This new rate will affect the following subsidy types:

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December 2nd, 2014 | Tags: , , | Category: BMIR, HUD, HUD 50059, HUD Handbook, HUD Notice H2014-15, HUD passbook rate, Loan Management Set-Aside, passbook savings rate, Project Assistance Contract, Project Rental Assistance, Project-Based Section 8, Property Disposition Set-Aside, Rent Supplement, Rental Assistance Contract, Section 202, Senior Preservation Rental, SPRAC | Leave a comment

Learn more about the revised EIV Notice H2013-06

HUD Housing Notice 2013-06, Enterprise Income Verification (EIV) System, was issued today, March 12, 2013. This Notice supersedes Notices H 2011-21, H 2008-03, H 2009-20, and H 2010-10. The Notice is posted here at http://www.ahtcsonline.com/Industry Links/HUD Notices/HUD_Notice-H2013-06.pdf.

Learn more by taking our new UPDATED class for EIV: https://www.AHTCSonline.com/regform-multi.php

The revised Notice:

Adds Section 811 Project […]

March 26th, 2013 | Tags: , , , , , , , , | Category: EIV, Enterprise Income Verification, Housing Notice 2013-06, MOR, RAD, Rental Assistance Demonstration | Leave a comment

Removal of SSN from tenant files

Although this is not yet a requirement, it is obvious that there is a push in the affordable housing industry to reduce the amount of times the SSN is disclosed in the tenant file to minimize the risk of identity fraud. We were told during a recent TRACS Industry meeting that the SSN will not […]

January 20th, 2011 | Tags: , , , , | Category: HUD Regulatory, Industry Announcements, TRACS | Leave a comment