USDA

Multifamily Housing (MFH) has developed a pilot program for simple transfers under authority in Section 506(b) of the Housing Act of 1949, as amended (42 U.S.C. §1476(b)). The purpose of the pilot program is to reduce application requirements for certain types of transfers, resulting in lower transaction-related costs for applicants and improved processing times. MFH […]

On October 13, 2022, the Social Security Administration announced an 8.7% increase in Social Security and Supplemental Security Income (SSI) benefits for 2023. They estimated that this adjustment will result in an average Social Security benefit increase of $140 per month in January 2023. This amount of benefit increase would require interim income recertifications for

The U.S. Department of Agriculture’s Rural Development (RD) published Procedural Notice (PN) 567 announcing final management fees for Fiscal Year (FY) 2023. This year, RD used HUD’s FY 2022 Income Limits as the base management fee, versus their Operating Cost Adjustment Factors (OCAF), which have been used since FY 2015. To view the chart listing