8.26.24
HUD has updated the guidelines for the Rate Reduction Incentive in Public Housing. The RRI is a financial incentive for PHAs that take action beyond normal public participation in rate-making proceedings, such as well-head purchases or natural gas, administrative appeals or legal action to reduce their utility rate. The RRI is provided to projects through the Operating Fund Formula.
8.8.24
On August 1, HUD posted new FAQs on the EHV website which provide guidance on the termination of vouchers and shortfalls, covered in PIH Notice 2023-14.
8.8.24
Today, HUD announced policy changes to the VASH program aimed at improving access to housing opportunities for veterans with service-connected disability benefits. HUD is expanding access to HUD-VASH by requiring PHAs to set initial income eligibility for veterans at 80% of AMI, rather than 50% of AMI.