HUD Amends the Definition of Tuition
HUD Amends the Definition of Tuition On November 18, 2015, HUD published a joint notice under Notice PIH 2015-21: Amendment to the Definition of Tuition The Notice is effective immediately. In th ...
No Social Security Cost Of Living Adjustment (COLA) for 2016
No Social Security Cost Of Living Adjustment (COLA) for 2016 Recently, the Social Security Administration announced there will not be an automatic COLA increase for Social Security or Supplemental So ...
Q and A – Shared Custody Dependent in Two Applicant Households
Q and A - Shared Custody Dependent in Two Applicant Households Question: I have 2 separate applicant households on the waiting list. Each is requesting a two-bedroom unit and each Head of Household h ...
SAVE System Processing Delays
SAVE System Processing Delays On October 20, 2015, the Systematic Alien Verification for Entitlements (SAVE) Help Desk informed the industry via email broadcast that, due to the amount of verificatio ...
Asset Verification Requirements- Clarification from Headquarters
Asset Verification Requirements- Clarification from Headquarters Assets are a challenging part of the HUD rent calculation process. A frequent question PMCS receives from clients ...
2015 HUD Income Limits Have Been Released
2015 HUD Income Limits Have Been Released On March 6, 2015, HUD released the 2015 Income Limits. Click here to view these limits. Owners of properties participating in HUD’s multifamily housing pr ...
HUD clarifies guidance pertaining to new passbook rate effective February 1, 2015
On November 7, 2014, we notified you that HUD issued a new passbook savings rate of 0.06% to be effective February 1, 2015. HUD issued a RHIIP Listserv on Friday, November 14, 2014 that clarified HUD’ ...
HUD Implements New Passbook Rate
On October 31, 2014, HUD issued a new HUD Notice, Housing Notice 2014-15 “Passbook Savings Rate Effective February 1, 2015 and Establishing Future Passbook Savings Rates”. Currently, the HUD passbook ...
State Level Administration of State Supplementary Payments
There has been a recent change in the administration of state level SSP payments that you must be aware of as it directly impacts verification procedures owners in some states must now follow for SSI ...
Q&A Disposed Asset
Question: I have a tenant that disposed of an asset for less than fair market value on 8/27/12. The tenant moved into my property on 9/1/13. I included it as a disposed asset on the 9/1/2013 Move In. ...