In this week’s Tuesday Tip, Vicki Bell discussed various hot topics affecting the affordable housing community. From HUD’s annual inflationary adjustment to new forms and fair housing guidance, this session provided valuable insights for housing professionals preparing for upcoming changes. If you missed it, don’t worry—we’ve got you covered! Here’s a summary of the key points discussed and links to essential resources.
HUD’s Annual Inflationary Adjustment and Passbook Rates
Did you know? HUD has released its annual inflationary adjustments, including updates to passbook rates. These adjustments will affect income calculations and asset limitations for many housing programs. Key figures to note for CY2025 include:
- Asset Limitation: Increased to $103,200.
- Annual Income Threshold: Now $51,600.
- Passbook Rate: Increased to 0.45% for CY2025.
These adjustments impact programs such as Section 8, Public Housing, and others. For detailed information, you can view the full document on revised inflation-adjusted amounts and passbook rates.
New HUD Forms
While everyone anticipated HOTMA-related changes, the latest HUD forms mainly focus on contract renewals. Vicki Bell mentioned that Nytira Mickel, who oversees contract renewals, will provide further details in next week’s session. In the meantime, there are 33 new HUD forms you should be aware of, which are available for review on HUD Clips.
New Forms List
- HUD-52522A: Part I of the Housing Assistance Payments Contract
- HUD-52522B: Part II of the Housing Assistance Payments Contract
- 2022 – HUD – 5988.pdf: Assignment, Assumption, and Amendment of Section 8 Housing Assistance Payments Contract
- 2022 – HUD – 90055.pdf: Use Agreement – Section 8 Use Agreement
- 2022 – HUD – 92273.pdf: OMB Control Number 2502-0587 form HUD-92273-S8 Rent Comparability Grid (.xlsx) | (.pdf); exp. 04/30/2027
- 2022 – HUD – 93181.pdf: Project-Based Section 8 Housing Assistance Payments Addendum to Renewal Contract under Option One or Option Two for Capital Repairs and/or Acquisition Costs
- 2022 – HUD – 93182.pdf: Project-Based Section 8 Housing Assistance Payments Addendum to Renewal Contract under Option One or Option Two for Capital Repairs and/or Acquisition–Post Rehabilitation Rents at Closing
- 2022 – HUD – 93184.pdf: Rider to Original Section 8 Housing Assistance Payments Contract
- 2022 – HUD – 93185a.pdf: AMENDMENT* To Project-Based Section 8 Housing Assistance Payments Contract Pursuant To Section 8(Bb)(1) Of The United States Housing Act Of 1937
- 2022 – HUD – 93185b.pdf: AMENDMENT* To Project-Based Section 8 Housing Assistance Payments Contract Pursuant To Section 8(bb)(1) Of The United States Housing Act Of 1937
- 2022 – HUD – 9624.pdf: Contract Renewal Request Form Multifamily Section 8 Contracts
- 2022 – HUD – 9625.pdf: OCAF Rent Adjustment Worksheet (.xlsx) (.pdf)
- 2022 – HUD – 9626.pdf: Letters to Owners/Agents Option 1 and 3
- 2022 – HUD – 9627.pdf: Letters to Owners/Agents Option 2 and 4
- 2022 – HUD – 9629.pdf: Request to Renew Using Non-Section 8 Units in the Section 8 Project as a Market Rent Ceiling
- 2022 – HUD – 9630.pdf: Request to Renew Using FMRs as Market Ceiling
- 2022 – HUD – 9634.pdf: Sample Use Agreement Mark-up-to-Market Where a For-Profit Owner is Transferring the Property to a Non-Profit Owner or Budget-Based Rent Increase for Capital Repairs for a Nonprofit Owner
- 2022 – HUD – 9635.pdf: Projects Preparing a Budget-Based Rent Increase
- 2022 – HUD – 9636.pdf: Project-Based Section 8 Housing Assistance Payments Basic Renewal Contract One-Year Term
- 2022 – HUD – 9637.pdf: Project-Based Section 8 Housing Assistance Payments Basic Renewal Contract Multi-Year Term
- 2022 – HUD – 9638.pdf: Project-Based Section 8 Housing Assistance Payments Renewal Contract for Mark-Up-to-Market Project
- 2022 – HUD – 9639.pdf: Project-Based Section 8 Housing Assistance Payments Preservation Renewal Contract
- 2022 – HUD – 9640.pdf: Project-Based Section 8 Housing Assistance Payments Interim (Full) Mark-to-Market Renewal Contract
- 2022 – HUD – 9641.pdf: Project-Based Section 8 Housing Assistance Payments Interim (Lite) Mark-to-Market Renewal Contract
- 2022 – HUD – 9642.pdf: Project-Based Section 8 Housing Assistance Payments Full Mark[1]to-Market Renewal Contract
- 2022 – HUD – 9643.pdf: Project-Based Section 8 Housing Assistance Payments Watch List Renewal Contract
- 2022 – HUD – 9644.pdf: Project-Based Section 8 Housing Assistance Payments Contract for Previous Mod Rehab Projects
- 2022 – HUD – 9647.pdf: Housing Assistance Payments Program Housing Finance & Development Agencies Extension Amendment to Old Regulation State Agency Housing Assistance Payments Contract HAP Contract Extension to Original Maturity of Permanent Financing
- 2022 – HUD – 9648a.pdf: CONSENT TO ASSIGNMENT OF HAP CONTRACT AS SECURITY FOR FREDDIE MAC FINANCING
- 2022 – HUD – 9648d.pdf: CONSENT TO ASSIGNMENT OF HAP CONTRACT TO FNMA AS SECURITY FOR FNMA CREDIT ENHANCEMENT
- 2022 – HUD – 9649.pdf: CONSENT TO ASSIGNMENT OF HAP CONTRACT AS SECURITY FOR FINANCING
- 2022 – HUD – 9649a.pdf: CONSENT TO ASSIGNMENT OF SENIOR PRESERVATION RENTAL ASSISTANCE CONTRACT (SPRAC) AS SECURITY FOR FINANCING
- 2022 – HUD – 9651.pdf: CONSENT TO ASSIGNMENT OF HAP CONTRACT AS SECURITY FOR FNMA FINANCING
Fair Housing Guidance: Application Screening
HUD recently published new guidance on application screening and fair housing compliance, touching on critical aspects such as the use of criminal history, credit scores, and AI in tenant screening. This guidance is particularly important for housing providers, as it outlines best practices to ensure compliance with the Fair Housing Act. One major change involves restrictions on using lookback periods in criminal background checks. HUD now advises against using arbitrary lookback periods (e.g., three, five, or seven years) when screening applicants with a criminal history.
Vicki also reminded participants that this guidance will likely impact tenant selection plans, so it’s crucial to review your policies. The full guidance document can be accessed below.
Renter’s Bill of Rights and Tenant Selection Plans
Vicki also briefly touched on the Renter’s Bill of Rights, emphasizing the importance of staying informed. For those who haven’t yet reviewed the White House Blueprint for Renters’ Rights, this document is critical for understanding upcoming changes to tenant rights and responsibilities. Stay tuned for updates as HUD integrates these guidelines into its policies.
To deeply dive into these changes, ensure you’ve reviewed your tenant selection plan to align it with HOTMA, EIV policies, and the latest screening guidelines. Adjusting your policies now will save time and confusion later when these new rules go into effect.
Key Takeaways:
- Wait for Software Updates: Before making changes, wait for software updates that integrate HUD’s new regulations.
- Keep an Eye on HOTMA Forms: Review the new forms and stay tuned for more detailed sessions.
- Review Screening Policies: Ensure compliance with HUD’s latest fair housing guidance on tenant screening.
For more detailed discussions and upcoming topics, check our blog and stay updated on the latest tips and guidelines for housing professionals.
