HUD Provides Rule Easing Regulatory Requirements
On March 8, HUD posted the final rule easing numerous Program regulatory requirements. The rule is intended to streamline requirements and provide flexibility for agencies that administer HUD’s rental assistance programs and include such things as tenant rental payments, rent determination processes, verification of Social Security numbers for children of applicants, frequency of utility reimbursement payments and more. HUD indicates this is the first step towards systematic streamlining its rental assistance programs. This rule was originally proposed in January 2015 and issued as an interim rule in September 2015. The final rule becomes effective on April 7, 2016. CLICK HERE to read the full rule.