Sec. 8 Renewal Policy Guidebook Released
The Section 8 Renewal Policy Guidebook was issued August 5. This guidance will apply to renewal and amend rent packages received by the Department (or post-marked) November 5, 2015 or later. View the Guidebook here.
Proposed Rural Housing Service Rule will Reduce Financial Reporting Requirements
On August 6, 2015, the Rural Housing Service (RHS) published a proposed rule in the Federal Register that will amend current regulations to change program requirements regarding financial reporting. The proposed change will align RHS requirements with those of the Department of Housing & Urban Development (HUD) and will reduce the requirement on borrowers to produce multiple financial reports. Comments on the proposed rule are due no later than October 5, 2015. Read all of A.J. Johnson’s comments on this matter here.