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Federal Housing News from the US Department of Housing & Urban Development

Public Comment Opportunity: Proposed Rule to Reduce Barriers to HUD-Assisted Housing

The US Department of Housing and Urban Development (HUD) has proposed a rule that would require landlords of HUD-assisted housing to individually assess potential tenants with conviction histories, taking into account mitigating factors like the recency and nature of the conviction. This rule would promote fair screening practices and reduce barriers to housing for formerly incarcerated and convicted individuals. Access the portal to submit a public comment here before the deadline on June 6, 2024. 

 

HUD Caps Rent Increases for LIHTC-Financed Properties at 10%

In an effort to stabilize rents in Low-Income Housing Tax Credit (LIHTC) properties, HUD’s Office of Policy Development and Research announced a 10% limit to rent increases in rental properties with LIHTC financing. Under the LIHTC program, rents can increase annually by 5% or two times the percentage change in national median income, whichever is higher. HUD’s new cap limits such rent increases to no more than 10%, regardless of the median income change.

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