CARH'S BROADCAST EMAIL - Regulatory Update
CARH’S BROADCAST E-MAIL – Regulatory Update
November 28, 2018
HUD Issues Utility Allowance Adjustment Factors for 2019
On November 26th, the Department of Housing and Urban Development (HUD) posted their Utility Allowance Adjustment Factors (UAFs) for 2019. HUD permits owners/agents to use the UAFs for projects subject to the requirements found in Housing’s Utility Analysis Notice. The factors are effective for any project with an anniversary date on or after February 11, 2019.
HUD requires multifamily owners in its programs that receive rent subsidy, where HUD also provides a utility allowance, to adjust that utility allowance each year. The notice describes when owners/agents of Multifamily Housing properties that receive a utility allowance may use the published UAFs to adjust these allowances.
If you have any questions, please contact the CARH national office at email@example.com or 703-837-9001.